A ___________ Is Established When an Individual Confers Legal Title

question 2

Multiple Choice

A ___________ is established when an individual confers legal title to property to another person or institution to manage the property for one or more beneficiaries.

• A)tax shelter
• B)defined contribution plan
• C)personal trust
• D)fixed annuity

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Definitions:

Power

The ability or capacity to influence or direct the behavior of others or the course of events.

Formal Leadership

A type of leadership that is recognized within an organization's structure, usually involving designated roles and responsibilities.

Influential

Having the power or capacity to affect the behavior, development, or decision-making of others.

Socially Constructed Leadership

A leadership style that emerges from social interactions and shared meanings within a group rather than being assigned by hierarchy or title.