Which of the Following Is Most Likely to Breach One

question 24

Multiple Choice

Which of the following is most likely to breach one of the trustee's fiduciary duties?

• A)Selling stock owned by the trust to realize capital gains.
• B)Selling stock owned by the trust because it has declined in value over the last three years.
• C)Delegating the selection of trust investments to an investment advisor.
• D)Delegating the preparation of statements of account to an accountant.

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Definitions:

Nonprofit Organizations

Organizations that exist for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially.

Media

Various means of communication and platforms for delivering and sharing content, including print, broadcast, digital, and social media.

Advertising Agencies

Organizations that specialize in creating, planning, and handling advertising and sometimes other forms of promotion and marketing for their clients.

Marketing Associations

Organizations that serve as a collective of professionals with common interests in advancing knowledge, developing standards, and promoting the field of marketing.