A Fiduciary Is Required to Act Primarily in the Interests

question 21

Multiple Choice

A fiduciary is required to act primarily in the interests of the person to whom a responsibility is owed.Which of the following notions captures the concept of that requirement?

• A) good faith and due care
• B) loyalty and trust
• C) honour of profession
• D) due diligence and honesty

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Definitions:

Performance Evaluation

A process of assessing how effectively an individual, system, or organization meets its objectives.

Reward System

A structured program designed to recognize and reward desired behaviors or achievements, often used in organizational settings.

Incentive Pay

A form of compensation designed to reward employees for achieving specific performance targets or objectives.

Personal Days

Employer-provided leave days that employees can use for personal matters apart from sick or vacation days.