A Discretionary Trust Occurs When

question 29

Multiple Choice

A discretionary trust occurs when:

• A)the trustees have the choice about how to distribute the trust income.
• B)a court presumes from the circumstances that a trust was intended.
• C)a court rules that it is equitable for property in trust to be returned the party who created the trust.
• D)each beneficiary is entitled to a specific equal share.

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Definitions:

Organizational Culture

The shared values, beliefs, and norms that influence the behavior and practices of an organization's members.

Employee Referral

A recommendation made by an existing employee of an organization for a potential candidate for employment, often part of a company's hiring strategy.

Target Employers

Specific organizations or companies that a job seeker aims to work for, often based on their industry, culture, or values.

Résumé

A document summarizing a person’s background, education, skills, and work experience, used as part of a job application.