A ___________ Is Established When an Individual Confers Legal Title

question 67

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
• E) Keogh plan

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Definitions:

Deregulation

Reduction or removal of government controls from an industry to allow for a free and efficient marketplace.

Telecommunications Act

Legislation that regulates the telecommunications industry, aiming to foster competition and reduce regulatory barriers.

Cross Ownership

The ownership of multiple types of media outlets, such as TV and radio stations, newspapers, and magazines, by a single person or corporation.

Concentration

The process by which the number of companies producing and distributing a particular commodity decreases, often through mergers and conglomeration.