Which of the Following Best Describes the Fiduciary Duty of Financial

Multiple Choice

Which of the following best describes the fiduciary duty of financial managers of a firm?

A) Their main goal is to maximize the sales figures and increase the profits of the firm.
B) They are legally and ethically obligated to make decisions consistent with the financial interests of their firm's owners.
C) They are responsible for representing a firm's financial condition in a positive way on the annual reports.
D) Their sole duty is to come up with strategies to decrease losses and eliminate expenses for the firm.