BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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accounting
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confidentiality
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finances
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loyalty and obedience
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Detailed explanation-1: -The following people are not considered fiduciaries: Stock Brokers. Insurance Agents. Real Estate Agents acting on the other party’s behalf (This is common when you are buying, as most real estate agents are acting on behalf of the seller.)
Detailed explanation-2: -Some examples of fiduciary duties include duties of undivided loyalty, due diligence and reasonable care, full disclosure of any conflicts of interest, and confidentiality. While a fiduciary duty may be violated accidentally, it is still a breach of ethics.
Detailed explanation-3: -A fiduciary is anyone who must act in the best interest of a client or customer. Attorneys, bankers, and company board members are all examples of fiduciaries. Because they’re legally required to maintain the best interests of their client, they offer a higher level of trust to those who work with them.
Detailed explanation-4: -Specifically, fiduciary duties may include the duties of care, confidentiality, loyalty, obedience, and accounting. 5.