The answer is the moral duty managers have to act as responsible agents to the owners. A person with a Fiduciary Duty is somebody in whom another person has placed the greatest trust and confidence to manage and guard property or money. The Fiduciary Relationship defines a relationship in which one individual has a duty to act for another's benefit. In other words, in a fiduciary relationship a manager's main obligation or duty is to act towards the benefit of the shareholders.
The manager's fiduciary duty refers to their obligation to act in the best interest of the shareholders or all stakeholders, depending on whether one adheres to the shareholder primacy theory or the stakeholder theory, respectively.
Explanation:The manager's fiduciary duty essentially refers to the responsibility to act in the best interests of another party, typically the shareholders of a company. This comes from the principle of shareholder primacy, which posits that managers should function solely to promote the interests of shareholders. This perspective is based on the understanding that shareholders own a portion of the company and have invested capital into it, making it only right for their interests to be prioritized.
However, this is not the only viewpoint. An alternative perspective is the stakeholder theory, which argues that a manager's duty should not be solely to the shareholders but to all stakeholders involved. A stakeholder, in this context, includes anyone who has an interest in the firm - this could range from employees, to customers, to the local community. This theory necessitates a balance in catering to the interests of all stakeholders, not just shareholders.
Regardless of the adopted viewpoint, the key element here is that managers have a fiduciary duty. They are obliged to act in the best interest of others (either shareholders or all stakeholders), and their actions should reflect this responsibility.
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In which market structure will a firm choose not to shut down when price is less than average variable cost?
The market structure in which a firm will choose not to shut down when price is less than average variable cost is:
None of the above. All firms will shut down when Price < AVC.
To add, in economics, average variable cost (AVC) is a firm's variable costs (labor, electricity, etc.) divided by the quantity of output produced.
A firm will choose not to shut down when the price is less than average variable cost in a perfectly competitive market structure.
Explanation:In a perfectly competitive market structure, a firm will choose not to shut down when the price is less than average variable cost.
If the price is less than the minimum average variable cost, the firm is not covering its variable costs.
Staying open in this situation would result in larger losses for the firm, so it is more beneficial for the firm to shut down immediately.
What is it called when nations compete to attract transnational corporations by undercutting their citizens’ wages or offering tax incentives?
In what section of a closing disclosure would you find information regarding the loan term, purpose of the loan, product type, loan type and loan id number
Final answer:
The beginning section of a closing disclosure contains details such as loan term, purpose, product type, loan type, and loan ID number, which are crucial for borrowers to understand their financial commitment.
Explanation:
In the closing disclosure of a loan, the section containing information about the loan term, purpose of the loan, product type, loan type, and loan ID number is typically found at the beginning of the document. This section is essential as it summarizes the key details of the loan agreement, giving a straightforward overview of the financial commitment. Understanding this information is crucial for any borrower, as it impacts how they will manage their loan over time.
For an average commercial vehicle being driven at 55 mph on dry pavement, it will take about _____ to bring the vehicle to a stop.
Driving a motor vehicle is __________
The price of an article was cut 20% for a sale. by what percent must the item be increased to again sell the article at the original price?
The percent at which the item be increased to again sell the article at the original price is 25%.
Computation of percentage increase in the priceAssume the original price be 100 %
The price was cut by 20%,
[tex]\begin{aligned}\rm{New \;Price}& = 100\% - 20\% \\&= 80\%\end{aligned}[/tex]
[tex]\begin{aligned}\text{Increased Percentage}& = \frac{\text{Price of the Article}}{\text{Original Price of the Article}}\times 100\\\text{Increased Percentage} &= \frac{20}{80} \times100\\\text{Increased Percentage} &= 25\%\end{aligned}[/tex]
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Based on your knowledge of word parts, complete the sentence with the correct word. sam had to mix __________ parts of the two chemicals for the experiment. equaled equitably equal equate equation
According to the context, the correct word to complete the sentence is "equal".
What does "equal" mean?It is an equivalence or conformity in the quality, quantity or form of two or more elements.
In the sentence "Sam had to mix equal parts of the two chemicals for the experiment", the word equal expresses the equivalence of two quantities, in this case of equivalence of the two chemicals.
Therefore, we can conclude that according to the context, the correct word to complete the sentence is "equal".
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Pedro wants to buy a new car. the most he is willing to pay is $21,000. if he finds a car for $18,000, what will his consumer surplus be?
Consumer Surplus is the economic benefit obtained by consumers when they can buy a product cheaper than the maximum they're willing to pay. In Pedro's case, his consumer surplus for the new car is $3,000, the difference between his maximum payment ($21,000) and what he actually pays ($18,000).
Explanation:In economics, the concept of consumer surplus represents the economic benefit obtained by consumers when they are able to purchase a product for a price that is less than the highest price they are willing to pay. For Pedro, the maximum he is willing to pay for a new car is $21,000, but he finds a suitable car for $18,000. Therefore, Pedro's consumer surplus is the difference between these two amounts.
To calculate it:
Consumer Surplus = The maximum price he is willing to pay - The actual price he paid
So,
Consumer Surplus = $21,000 - $18,000 = $3,000
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To get to a job site, you must travel 45 kilometers. How many miles will you travel? Round your answer to the nearest hundredth. A. 34.25 miles B. 27.96 miles C. 42.15 miles D. 28.16 miles
If a donut shop sells a dozen donuts for $6.00, what would the cost of 9 donuts be at the same rate?
To find the cost of 9 donuts at the same rate as a dozen costing $6.00, each donut would cost $0.50, making 9 donuts cost $4.50.
To find the cost of 9 donuts at the same rate, we need to determine the cost per donut when buying a dozen. In this case, a dozen costs $6.00, so each donut costs $6.00 / 12 = $0.50. Therefore, 9 donuts would cost 9 x $0.50 = $4.50 at the same rate as buying a dozen.
What is the maximum and minimum amount of ordinary shares to be invested in Hollard?
The person probably most responsible for the direct labor efficiency variance is
Susan is 5 years older than phen is now. in n years susan will be twice as old as phineas know. if susan is 22 years now what is the value of n
Mark thinks the government should determine how, when, and for whom goods should be produced. His ideas are based on which of these economists?
A. Keynes
B. Marx
C. Marx and Keynes
D. Smith and Keynes
Answer:
The correct answer is option B. Marx .
Explanation:
Karl Marx was opposed to the ideas of capitalism.
This means that he was against all the power focusing on the bourgeoisie, and looking for a greater equality of classes, this means that all people can have the same equally, regardless of their social class.
Marx's ideas were socialist, this means that he supported the idea that the state is responsible for distributing, centralizing and planning goods equally for the whole people.
Given this information, we can say that the correct answer is option B.
who should fill out the w-2 form? a. the taxpayer is employed by. the taxpayer c. a qualified tax professional d. the irs
Assuming a speed limit is 105 km/hr, what is this in miles per hour? A. 55.247 mph B. 50.247 mph C. 60.247 mph D. 65.247 mph
A speed limit is 105 km/hr, is this in miles per hour 65.247. The speed limit is 105 km/hr were the one mile is 1.60934 km. Thus, option (d) is correct.
What is speed?Speed is the pace at which an object moves along a path in time, whereas speed is the rate and orientation of an object's travel. In other words, speed is a scalar, but velocity is a vector. Speed is described as the pace at which distance changes with time. It has a time-distance dimension.
According to the given amount are:
speed limit is 105 km/hr
One mile = 1.60934 km
miles per hour = ?
105/1.60934 = 65.244.
As a result, the speed limit is 105 km/hr were the one mile is 1.60934 km. Therefore, option (d) is correct.
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Which theoretical perspective examines the idea of families as a competition for scarce resources such as time and energy?
Omar is having trouble paying his rent and making minimum payments on his student loan and credit cards. What should Omar consider doing to improve his situation? Omar should apply for a personal loan. Omar should get budgeting advice from a consumer credit counselor. Omar should apply for another credit card to buy food with. Omar should make less than the minimum payments each month.
Answer:
ITs BExplanation:
How would a terrestrial centipede most likely benefit from the ability to close its spiracles? closing spiracles would _____?
The ability to close the spiracles would allow the centipede to retain more moisture in its tissues. Centipede is found in terrestrial habitat from the typical rainforest, it can be a kind of terrestrial worms. It’s also among the largest kind of terrestrial invertebrate predators.
An accord is an agreement by the parties to offer and accept some performance different from that originally bargained for. the actual performance of the new obligation is:
An office manager orders office supplies. He pays $20 for pens, $15 for paper clips, $30 for paper, and $28 for legal pads. What will this subtotal be, before sales tax? A. $83 B. $93 C. $73 D. $103
Answer:
93 for pf students
Explanation:
Penn foster
In today's organization, many employers appear to prefer to work for a supervisor with a ________ leadership style.
Agent fred fronts his cousin norm money to buy a client's house. shortly after the closing, agent fred flips the house and realizes a substantial profit. agent fred's actions might be describe as
Steve is interested in learning how to be a single agent business broker. he needs to know the steps in selling a business. all are steps in a business sale except
I think the correct answer to this would be:
“Represent the buyer and obtain a purchase agreement.”
This is because the broker only acts as a middle man. Brokers only handle customer orders to buy and match them up with sellers who are willing to sell. The job stated above is already handled by the realtors or buyers themselves.
Individuals receiving anticoagulant therapy with warfarin should be instructed to monitor their consumption of foods high in vitamin k because
Biologists want to know how many fish are in a certain lake. on january 1, they removed 600 fish from the lake and tagged them. on february 1, they returned to the lake and collected a random sample of 850 fish, of which 25 had been previously tagged. how many fish does the lake have, based on this experiment?
He person or persons requesting the worksheet should supply their requirements in a _____ document.
Written records of a sample collection, transfer, storage, analysis and destruction are necessary for two reasons: to help ensure the proper interpretation of analytical test results and:
Final answer:
Careful documentation is needed for chain of custody and regulatory compliance, allowing reconstruction of work, problem-solving, and legal evidence as well as ensuring accurate and verifiable scientific results.
Explanation:
The second reason why careful and proper documentation is necessary in sample collection, transfer, storage, analysis, and destruction is to ensure chain of custody and meet regulatory compliance. This information is imperative as it becomes part of the archaeological record and influences future research and analyses. Detailed records allow for reconstruction of work, problem-solving, error detection, and the substantiation of result accuracy within the scientific community.
Laboratory notebooks are essential for not only documenting processes and results but also serving as legal evidence in patent claims, original discoveries, and publications. In the event of litigation or regulatory oversight, such documentation provides an evidence trail and ensures traceability, playing a key role even in non-regulated research labs.
Accurate record keeping is critical in the scientific field. There are two main levels: the laboratory notebook as the experimental log and the research report as the final documentation of the findings. Adherence to best practices for both types of documentation is necessary to validate experimental results and for archival purposes.
The binary gender system in many nations, including the united states, means that in order to gain certain legal recognition as an individual, one must identify as
Nations which uses the binary gender system requires a person or an individual to identify only either as a “male or female”.
This type of social system usually forms the basis for how one is educated, what jobs one can do (or are expected to do), how one is expected to behave, what one is expected to wear, and etc.
The price of greatness is responsibility meaning
The phrase “the price of greatness is responsibility” means that, if you are given or rewarded with great or high powers, you must be a responsible person in using that certain power. You are given the responsibility to use it for the well-being of yourself and for the others as well.