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3 years ago

Which fiduciary duty requires an agent to place the client's interests above those of all others, including his or her own?

Business

1 answer:

Oxana [17]3 years ago

7 0

Answer:

The correct answer is loyalty.

Explanation:

The fiduciary duty is the legal obligation to act in the interest of another.

The law prohibits the fiduciary from acting in any manner detrimental to the interests of the client, which is entitled to the best efforts of the fiduciary, while the fiduciary must exercise all the care and diligence at his disposal when acting on behalf of the client.

For its part, the breach of the fiduciary duty is when a fiduciary does not fulfill his responsibilities and obligations. In most cases, a third party will handle the claim of the breach of trust to ensure that it is handled correctly. The trustee may also be removed from the position and ordered to pay fines or other forms of compensation to the principal.

Even if a fiduciary claims that he was not aware of his responsibilities, he will still be charged with breach of fiduciary duty if he fails to fulfill his obligations.

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Establishing mutual aid agreements to obtain resources from neighboring jurisdictions is an example of what resource management

Vsevolod [243]

Planning for Resources

Explanation:

The process of resources management includes:

the development of recompense systems.
Performance enhancement of team members.
Track team and performances individually.
Identifying and ensuring effective use of physical resources (control).

A main activity of a project manager is to clearly identify the roles and responsibilities and other project stakeholders using tools such as the responsibility assignment matrix.

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3 years ago

Yankton Company began the year without an investment portfolio. During the year, it purchased investments classified as trading

evablogger [386]

Answer:

The answer is B.

Explanation:

Available-for-sale is an equity or debt instrument that is not held to maturity. They are held for the purposes of trading or selling before its maturity. Businesses look for active buyers. They are being reported at their fair value.

If the fair value of this security (available-for-sale instrument) increases, the carrying amount is debited and changes in fair value in shareholders' equity is credited. If the fair value of the investments decreases, the carrying amount is debited and changes in fair value in shareholders' equity is debited.

Therefore, the loss of $2,000 is an adjustment in stockholders' equity on the balance sheet.

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3 years ago

Which of the following is not a common credit card fee A. Late fee B.annual membership fee C. Balance transfer fee D. Minimum pa

Fynjy0 [20]

D. Minimum Payment Fee

5 0

3 years ago

Read 2 more answers

Selling price $220 per unit

kramer

Answer:

Net operating income= $207,500

Explanation:

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

First, we will determine the total unitary variable overhead:

total unitary variable overhead= 90 + 25= $115

Now, we can calculate the total contribution margin:

Total CM= 11,500*(220 - 115)

Total CM= $1,207,500

Finally, the net operating income:

Net operating income= 1,207,500 - 600,000 - 400,000

Net operating income= $207,500

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3 years ago

George runs a small retail business. He sells brands that another business manufactures. George’s retail store uses the logos an

KIM [24]

Answer:

trademark franchise

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4 years ago