Managers Have A(n)_____ Responsibility to Owners to Safeguard a Company's

question 49

Multiple Choice

Managers have a(n) _____ responsibility to owners to safeguard a company's assets and handle its funds in a trustworthy manner.

• A)inalienable
• B)fiduciary
• C)corporate
• D)social

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Definitions:

Active Participation

Involvement in the activities or discussions at hand with significant engagement and contribution, rather than being passively involved.

Undue Influence

An exertion of pressure or influence on someone that overpowers their will and results in an unfair advantage or agreement.

Impartiality

The principle of being fair and unbiased, making decisions and judgements based on objective criteria rather than personal feelings or interests.

Self-interest

The focus on one's own benefits and well-being, often seen as a driving force behind decision-making.