The Objectives of Personal Trusts Normally Are __________ in Scope

question 50

Multiple Choice

The objectives of personal trusts normally are __________ in scope than those of individual investors, and personal trust managers typically are __________ than individual investors.

• A) broader; more risk averse
• B) broader; less risk averse
• C) more limited; more risk averse
• D) more limited; less risk averse

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Definitions:

Ideological Reasoning

The process of thinking or making judgments that are influenced strongly by a specific set of beliefs or a particular ideology.

Top-Down Thinking

An analytical approach that begins with the broader, general concepts before breaking them down into more specific, detailed components.

Deductive Reasoning

A reasoning method where the outcome is derived from the agreement of several statements that are usually considered accurate.