Identify a True Statement About Fiduciary Duties

question 21

Multiple Choice

Identify a true statement about fiduciary duties.

• A)A fiduciary is obligated to work for the greatest advantage for stakeholders.
• B)The executives of a corporation cannot be legally bound by fiducial obligations.
• C)A fiduciary is obligated to maximize profits for managers.
• D)Fiduciary duties include the duty of care.

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Definitions:

Delicatessen

A retail establishment that sells a selection of fine, unusual, or foreign prepared foods, including meats, cheeses, and specialty dishes.

Miles

A unit of distance measuring 5,280 feet, or approximately 1.609 kilometers.

Gallon

A unit of volume for liquid measure equal to four quarts, used in both the US customary system and the British imperial system, but with different values.

Gasoline

A volatile, flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.