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Which of the Following Is the Correct Organizational Hierarchy, from Largest

question 41

Multiple Choice

Which of the following is the correct organizational hierarchy, from largest to smallest, in the hierarchical order of life? (Some levels have been omitted, so you are looking for the correct order.)


Definitions:

Irrevocable

Something that cannot be changed, reversed, or taken back once it has been established or done.

Grantor

The individual or entity that establishes a trust, transfers property, or conveys rights to another person or entity.

Spendthrift Trust

A trust designed to provide financial support to a beneficiary while protecting the trust assets from the beneficiary's creditors or from being spent recklessly by the beneficiary.

Creditors

Individuals or entities to whom money is owed by a debtor or the company.

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