A Trust Is a Legal Entity Whose Purpose Is to Hold

question 71

True/False

A trust is a legal entity whose purpose is to hold and administer property for the benefit of beneficiaries.

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Definitions:

Host-Country National

Individuals who are citizens of the country where a multinational company's subsidiary or operation is located.

Parent-Country National

An employee who is a citizen of the country where the headquarters of the multinational company is located, working abroad.

Parent-Country National

An employee who is a citizen of the country where the multinational company has its headquarters, working abroad in a foreign branch or subsidiary.

Host-Country National

An individual from the country where a foreign subsidiary is located and who works for that subsidiary.