What are Fiduciary Responsibilities and how does a financial manager carry these out? Who is this fiduciary responsibility owed to?

I) Essay Section: On separate pieces of paper, please discuss in detail the following questions:
A) What are the various forms of organization formats that a business can adopt? List the benefits, & disadvantages of each form. Also provide an example of a business that may choose to adopt each form and explain what their reasoning might be.B) We talk about the Fiduciary Responsibility of the financial manager. C) What are the three types of financial statements that we use in this class and what does each intend to depict? Be specific/complete and detailed..

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