Which of the Following Is the Most Appropriate Term to Use

question 43

Multiple Choice

Which of the following is the most appropriate term to use when describing management's duty to its shareholders?

• A)official duty
• B)legal duty
• C)fiduciary duty
• D)statutory duty

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Definitions:

Management by Objectives

A management strategy in which employees and managers collaborate to set, monitor, and achieve specific objectives.

Specific Objectives

Clearly defined targets that an organization or individual aims to achieve, often within a set timeframe.

Higher-Level

Tasks or responsibilities that involve more complexity and greater importance.

Personality Characteristics

Traits or features that define an individual's patterns of thought, feeling, and behavior, contributing to their unique identity.