Example of fiduciary duty

Assignment Help Operation Management
Reference no: EM131770340

Which of the following is not an example of a fiduciary duty?

A principal's duty to indemnify their agent.

An agent's duty not to notify the principal of material information.

The duty of principals to train agents to become principals.

The duty imposed by the Employee Retirement Income Security Act (ERISA) on pension fund managers to diversify the plan's investments to minimize the risk of large losses, unless such diversification is clearly imprudent.

An agent's duty not to self-deal.

John is working hard for his employer, Big Corp. He goes on a sales trip for Big, and while on the trip purchases food and lodging, which was impliedly authorized by Big. Which of the following identifies Big's fiduciary duty to pay John?

Duty to reimburse.

Duty to compensate.

Duty to account.

Duty of loyalty.

Duty to indemnify.

Reference no: EM131770340

Questions Cloud

Explain the major steps of effective team development : Explain the major steps of effective team development and why it is important.
Author attempt to overcome potential objections of readers : Did the author attempt to overcome potential objections of the readers? What evidence was presented?
Project deliverable has been officially accepted : Ways that you can handle changes requested by client after the project deliverable has been officially accepted?
Liable for the torts of independent contractors : Which of the following is not an exception to the general rule that principals are not liable for the torts of independent contractors?
Example of fiduciary duty : Which of the following is not an example of a fiduciary duty?
Delivering merchandise to customer : Amanda, an employee of James, was delivering merchandise to a customer. Who is liable to the third party?
What is the total cost of this? policy : How many tires should Rocky Mountain order each time it places an? order? Optimal order quantity is? What is the total cost of this? policy?
Principal be liable for the torts of independent contractor : Under which of the following scenarios would a principal be liable for the torts of an independent contractor?
Cleaning as additional service to help build his business : Dr. Smiley, a new dentist in town, wishes to offer teeth cleaning as an additional service to help build his business.

Reviews

Write a Review

Operation Management Questions & Answers

  Geographic limitations can interfere with foreign investment

Describe how geographic limitations can interfere with foreign investment. Include in your discussion the issues of Brady v. Brown? If you were Brady or Cardwell, what could you have done differently, and why?

  What does the term due diligence mean

What does the term “Due Diligence” mean and what is its’ possible impact on a business?

  Illustrate what types of organizations might it also work

Do you think arrangement would work for or types of organizations. Explain why or explain why not. Illustrate what types of organizations might it also work for.

  Law firms client has received a set of interrogatories

Your law firm's client has received a set of interrogatories and a request for production of documents in the mail.

  Styles of individual who you believe is effective leader

Discuss the qualities, characteristics, and styles of an individual who you believe is an effective leader;

  Employee training contributes to high ethical standards

How do you believe Abbott's employee training contributes to its high ethical standards?

  The concept of intensive distribution

The concept of Intensive Distribution which refers to mostly low end products sold by many different retailers. When dealing with the logistics of this type of distribution, what are key points in the supply chain where the greatest gains may be made..

  In which country should rollins college choose to set up

Rollins College is contemplating opening a European campus where students from the main campus could go to take courses for 1 of the 4 college years. In which country should Rollins College choose to set up its European campus

  Describe the operations function transformation

1) Describe the operations function's transformation process and provide an example for each element. 2) Distinguish between upstream and downstream firms in a supply chain and provide an example.

  Create an agenda for a team meeting

Create an agenda for a team meeting on a topic of your choice. Draw from your own experience working within a group with the goal of achieving a specific task. You may use your experience as a student working in a group, or develop a plan for a fu..

  Themes such as engagement-work environment

Review the most recent list of Fortune ’ s “ 100 Best Companies to Work For ” and summarize the best practices of these companies, classifying them in to themes such as engagement, work environment, training, and so on. Have any of these companies or..

  Marketing on major product modification

Assume that you are a project manager at a biotechnology company, working with managers from research, production, and marketing on a major product modification. You notice that every memo you receive from the marketing manager has been copied to sen..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd