A ____ Exists Where a Person Holds a Position of Trust

question 14

Multiple Choice

A ____ exists where a person holds a position of trust that requires that he exercise judgment on behalf of others, but where his personal interests conflict with those of others.

• A)duty of care
• B)community of interest
• C)conflict of interest
• D)duty of loyalty

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Definitions:

Circularity

In finance, refers to the use of initial output values of a model to calculate new inputs, leading to dependency within the calculations.

Iterative Technique

An iterative technique refers to a process or method where a sequence of operations is repeated in order to approach closer to a desired result.

Planning Assumptions

Assumptions made regarding future events, conditions, and decisions that affect an organization's strategic planning and operations.

Dividend Payout Ratio

Dividend Payout Ratio is a financial metric that measures the proportion of a company's earnings paid out to shareholders in the form of dividends.