Which of the Following Is the Most Appropriate Term to Use

question 43

Multiple Choice

Which of the following is the most appropriate term to use when describing management's duty to its shareholders?

• A)official duty
• B)legal duty
• C)fiduciary duty
• D)statutory duty

---

Definitions:

Normally Distributed

Describes a distribution of data where most observations cluster around the mean and the distribution is symmetric around the mean, forming a bell-shaped curve.

Normally Distributed

Describes a probability distribution that is symmetrical about the mean, implying that the bulk of the data points lie close to the mean.

Middle 95%

Refers to the central 95% portion of a data set or probability distribution, commonly associated with a confidence interval.

Uniformly Distributed

Describes a distribution where all outcomes are equally likely across the distribution's range.