Which Is NOT an Essential Element of a Trust

question 14

Multiple Choice

Which is NOT an essential element of a trust?

• A)A sale or gift of property
• B)One or more beneficiaries
• C)Real or personal property
• D)One or more trustees

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Definitions:

Break-even Analysis

An analysis aimed at identifying the moment when income matches the expenses incurred to generate that income.

Fixed Costs

Expenses that do not vary with production volume, such as rent, salaries, and equipment leases.

Variable Costs

Costs that vary directly with the level of production or activity, such as materials and labor, in contrast to fixed costs.

Site Level

Refers to the specific location and its attributes within a larger geographic or organizational context, often considered in planning and development decisions.