For Each of the Following Items, Insert the Best Term

question 36

Multiple Choice

For each of the following items, insert the best term or phrase. An answer choice may be used more than once, but only one choice is the best for each descriptive phrase.
-A trust that is required to distribute annual accounting income.

• A)Complex
• B)Decedent
• C)Executor
• D)Grantor
• E)Administrator
• F)Reversionary
• G)Simple
• H)Sprinkling
• I)Trustee

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Definitions:

Controlling

In management, refers to the process of monitoring performance, comparing it with goals, and taking corrective action as needed.

Finance

The management of large amounts of money, especially by governments or large companies.