A Person or Entity That Administers a Trust Is Called

question 28

Multiple Choice

A person or entity that administers a trust is called

• A) a beneficiary.
• B) a trust manager.
• C) beneficial owner.
• D) a trust administrator.
• E) a trustee.

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Definitions:

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors, underpinning international trade theory.

Opportunity Cost

The sacrifice of potential advantages from various alternatives due to selecting one path.

Regulatory Capture

A situation in which industry regulatory agencies are dominated by the industries they are charged with regulating, leading to a conflict of interest.

Industry Regulation

A set of guidelines, rules, and laws designed to control the way businesses operate in specific sectors, aiming to protect consumers, ensure fair competition, and prevent environmental damage.