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NEW QUESTION: 1
Which of the following is a valid ESD safety precaution?
A. Do not wear polyester clothing while working on ESD sensitive components.
B. You should place ESD-sensitive circuits on top of metal work surfaces.
C. Keep ion generators away from circuit board or assembly containing ESD-sensitive circuits.
D. Always handle logic board by grasping the heat sinks.
NEW QUESTION: 2
Charlice is a portfolio manager who manages (with the help of four analysts) the pension plan assets of Gordon Industries. Charlice received this account four years ago from Gordon Industries Vice President, Michael Burnbaum, who is also in charge of investment oversight. To whom does Charlice owe fiduciary duties?
I. Michael Burnbaum, in his capacity as Gordon Industries' Investment Officer.
II. The employees of Gordon Industries.
III. The pension beneficiaries at Gordon Industries.
A. I and III only
B. III only
C. I only
D. II and III only
A portfolio manager owes fiduciary responsibility to the beneficiaries of the portfolio he is managing. In case of pension plans, the loyalty is not owed to the person who hired the manager or to the entity that set up the fund. Rather, the responsibility lies toward the ultimate plan beneficiaries; in the case of Gordon Industries, it is the pension plan beneficiaries (though not all employees are pension recipients so II is not a valid choice). Standard IV (B.1) - Fiduciary Duties - and the Topical Study, "Fiduciary Duty."