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:

Standard Error

The standard deviation of the sampling distribution of a statistic, providing a measure of the precision of the estimated population parameter.

Interval Estimate

An estimate of a population parameter that specifies a range of possible values within which the parameter is expected to lie, often expressed with a level of confidence.

Mean Ages

The average age of individuals in a population or sample, calculated by summing their ages and dividing by the number of individuals.

Full-time Students

Individuals enrolled in an educational institution who take the majority of coursework offered or meet a minimum number of credit hours, as defined by the institution, to be considered as attending full-time.