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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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In the production of televisions, the marginal rate of technical substitution of hours of labor for hours of capital is 0.8, and

Slav-nsk [51]

Answer:

Option (c) 8

Explanation:

Data provided in the question:

Marginal rate of technical substitution of hours of labor for hours of capital, RTS = 0.8

Number of units of labor chosen = 5

Number of units of capital chosen = 8

Marginal product of capital = 10 televisions per hour

Now,

RTS = [ Marginal product of labor ] ÷ [ Marginal product of capital ]

0.8 = Marginal product of labor ÷ 10

Marginal product of labor = 8

Hence,

Option (c) 8

3 0

4 years ago

Mcleod, Inc. incurred fixed costs of $ 400 comma 000. Total costs, both fixed and variable, are $ 450 comma 000 when 59 comma

shtirl [24]

Answer:

Unitary variable cost= $1.72

Explanation:

Giving the following information:

Mcleod, Inc. incurred fixed costs of $400,000.

Total costs= $450,000

Units produced= 59,000

First, we need to calculate the total variable cost:

Total variable cost= total cost - total fixed cost

Total variable cost= 450,000 - 400,000

Total variable cost= 50,000

Now, the unitary variable cost:

unitary variable cost= 50,000/29,000

unitary variable cost= $1.72

8 0

3 years ago

DG Loans, a mortgage lender, was charged with a discrimination lawsuit. It alleged that the company was offering loans at higher

Kruka [31]

Answer:

This is an example of publicity.

b. public relations.

Explanation:

Public Relations (PR) means professionally handling a positive public image by the company. It is an important element of promotion mix, that helps in maintaining good relations with the public

8 0

3 years ago

Frank Corporation manufactures a single product that has a selling price of $30.00 per unit. Fixed expenses total $36,000 per ye

Anon25 [30]

Answer:

Target unit sales= 6,000 units

Explanation:

Contributing margin is defined as the sales price less the variable cost per unit.

The breakeven is also defined as the point where cost incurred is equal to the revenue gained.

The formula is given by

Breakeven= Fixed cost/Contributing margin

4,000= 36,000/ contributing margin

Contributing margin= 36,000/4000

Contributing margin= $9

Also

Target unit sales = (profit target+ fixed cost)/ contributing margin

Target unit sales= (18,000+ 36,000)/9

Target unit sales= 6,000 units

4 0

4 years ago

Merger Co. has 10 employees, each of whom earns $2,250 per month and has been employed since January 1. FICA Social Security tax

Elis [28]

Answer:

March 31

Dr. Payroll Tax Expense: 3071.25

Cr. FICA- Social security taxes payable:

1395

Cr. FICA- Medicare taxes payable:

326.25

Cr. SUTA-State unemployment taxes payable:

1215

Cr. FUTA- Federal unemployment taxes payable: 135

Explanation:

March 31

Dr. Payroll Tax Expense: 3071.25

Cr. FICA- Social security taxes payable:

(6.2%×$2,250) 1395

Cr. FICA- Medicare taxes payable:

(1.45%×$2,250) 326.25

Cr. SUTA-State unemployment taxes payable:

(5.4$×$2,250) 1215

Cr. FUTA- Federal unemployment taxes payable: (0.6%×$2,250) 135

3 0

3 years ago