A Bond Trustee Does Not

question 66

Multiple Choice

A bond trustee does not

• A)issue the bonds.
• B)keep a record of each bondholder.
• C)hold conditional title to pledged property.
• D)maintain custody of unsold bonds.

Recognize the psychological and social impulses driving social media behavior.

Understand privacy considerations and the paradox in social media contexts.

Identify the characteristics and motivations of ideal brand ambassadors and social media participants.

Understand the role and psychological impacts of social media on users.

---

Definitions:

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.

Limited Liability Company

A commercial foundation that unifies a corporation's limited liability with the direct tax benefits characteristic of partnerships or sole proprietorships.

Tax Election

A choice allowed under tax law that enables taxpayers to determine how they want certain tax rules to apply to them.

Member-Managed

Pertains to an organizational structure, typically in LLCs, where all members participate directly in decision-making and management activities.