Question

the abc company offers a profit sharing plan to its employees. abc is in need of a short-term loan and the president of abc, who is the trustee of the plan, asks the investment advisor to liquidate some of the plans assets and use the funds for the short-term loan to the company. as a fiduciary, the investment advisor must

Answer 1

Standing in a particular enterprise or field of business. The term characteristically refers to a wealthy entrepreneur or investor who controls, through personal business ownership or dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals may also be called czars, moguls, proprietors, tycoons, taipans, barons, or oligarchs.