Which of the Following Is NOT an Advantage of Forming

question 25

Multiple Choice

Which of the following is NOT an advantage of forming an inter vivos trust?

• A) it is a popular way to transfer property to one's heirs without a will, thereby avoiding probate
• B) it is formed during the decedent's lifetime
• C) any trust is not recognized as a taxable entity
• D) the decedent is the trustee until death, then a successor trustee is appointed

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Definitions:

Price Leadership

A strategy used by a dominant company in a market to set the price of a product or service, which competitors then follow.

Product Differentiation

A strategy where businesses distinguish their products from those of competitors in the market through design, quality, or other features to create a perceived value among consumers.

Product Differentiation

The process by which companies distinguish their products from those of competitors in the eyes of consumers, often through branding, design, and quality.

Tacit Collusion

A form of collusion that occurs without explicit agreement among competing firms, often through mutual understanding or adoption of similar behaviors.