Which of These Is Not a Primary Element of a Fiduciary

question 25

Multiple Choice

Which of these is not a primary element of a fiduciary relationship?

• A)The fiduciary has undertaken to act in the interests of another.
• B)The fiduciary is properly certified.
• C)The person to whom the fiduciary duty is owed is vulnerable to the fiduciary's abuse of his or her position.
• D)All of the above are primary elements of a fiduciary relationship.

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Definitions:

Tornado Charts

A graphical method used in sensitivity analysis to show the effect of varying different parameters on a particular outcome.

Monte Carlo Simulation

A computational algorithm that relies on repeated random sampling to obtain numerical results, often used in physical and mathematical problem-solving.

Correlation Coefficients

Statistical measures that quantify the strength and direction of the linear relationship between two variables, ranging from -1 (perfect negative correlation) to 1 (perfect positive correlation).

Latin Hypercube Sampling

A statistical method for generating a sample of plausible collections of parameter values from a multidimensional distribution.