Instructions: Explain/Define the Following Terms

question 40

Essay

Instructions: Explain/Define the following terms.
Ottoman Empire

---

Definitions:

Fiduciaries

Individuals or entities entrusted to manage assets or wealth on behalf of another party while prioritizing the beneficiary's interests over their own.

LLC

A Limited Liability Company, a flexible form of enterprise that blends elements of partnership and corporate structures.

Wrongful Acts

Actions that are illegal or immoral, violating legal or ethical standards.

Manager Members

Individuals who are both managers and members in a management structure, particularly in LLCs, having both operational control and ownership interests.