Select the statement that does not correctly present the fiduciary relationship that is supposed to exist between managerial employees and employers.

A

B

C

D

Managers have special expertise that owners must rely on$,$ so they are given wider responsibilities.

Managers are free from close day$-$to$-$day oversight by owners.

Because managers have greater freedom from day$-$to$-$day supervision from owners, they are not generally understood to have a strong fiduciary duty to always act in the best financial interest of the owners.

The legal duties of loyalty, trust, obedience, and confidentiality are understood to override the manager's personal interests.