Which of the following is a breach of fiduciary duty?
A) A broker recommends to his client that he buy shares of a company without telling the client that he (the broker) is being paid by the company to promote it.
B) A broker recommends to his client that he buy shares of a company without telling the client that he (the broker) owns shares in that company.
C) A broker recommends to his client that he use a particular lending institution to finance the purchase without telling the client that he (the broker) gets referrals from the institution in return.
D) Both A and B
E) All of the above
E
You might also like to view...
Cash flows from financing activities, as part of the statement of cash flows, would include any payments fordividends
a. True b. False Indicate whether the statement is true or false
Using the future value table, a student found that the future value amount of $1 for 5 years at an annual interest rate of 10% is 1.611 . The student also observed that the future value of $1 for 5 years at 10% compounded semiannually is 1.629 . This means that
a. the more often the compounding, the higher the future value. b. the student was looking in the wrong column; the second amount should be 1.611/2. c. there was an error in the table. d. when interest is compounded semiannually, more money must be deposited to have a desired ending balance.
Which term refers to a salesperson's brief, cold call opener that summarizes the salesperson's product and company?
A) elevator presentation B) sales dashboard C) pipeline speech D) qualifying remarks E) sales blog
A competitive strategy of striving to be the low-cost provider is particularly attractive when
A. there are many ways to achieve product differentiation that have value to buyers. B. most rivals are pursuing focused low-cost or focused differentiation strategies. C. most buyers use the product in much the same ways, with user requirements calling for a standardized product. D. buyers are not very price-conscious. E. most rivals are trying to be best-cost providers.