Which of the Following Can Be Held in a Uniform

question 20

Multiple Choice

Which of the following can be held in a Uniform Gifts to Minors Act (UGMA) account?

• A) Bank accounts.
• B) Investments.
• C) Insurance policies.
• D) All of these answer choices are correct.

---

Definitions:

Product Area

A distinct category or segment of a business's overall market, focused on a specific type of product or service offering.

Divisional Structure

A type of organizational structure where operations are grouped based on distinct divisions or units, each focusing on a particular product line, market sector, or geographical area.

Coordination

The organized arrangement of group efforts and resources to achieve specific goals efficiently.

Functional Departments

Divisions within an organization structured around specific tasks or functions, such as marketing, finance, or operations.