Fiduciary Standards Established by ERISA

question 4

Multiple Choice

Fiduciary standards established by ERISA

• A) require the plan manager to exercise care and judgment that a prudent person would exercise pursuing similar objectives under the same circumstances.
• B) allow the plan manager to make loans to corporate officers from the employee pension fund.
• C) allow the plan manager to divert investment opportunities for his own benefit.
• D) None of the choices are correct.

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Definitions:

Transnational Organizations

Businesses that operate across national borders, dealing in goods or services in more than one country.

Global Viewpoint

An outlook that considers the broad, interconnected implications of events, policies, and decisions on the international stage.

Guanxi

A Chinese term representing the intricate network of relationships that individuals cultivate for mutual benefit, especially in business contexts.

Personal Connections

Relationships or networks formed between individuals based on mutual interests, shared values, or professional affiliations.