Madeline, Joe, and Ian Have All Applied for the Same

question 10

Multiple Choice

Madeline, Joe, and Ian have all applied for the same promotion. Madeline is chosen but may be particularly likely to devalue the promotion if she believes that

• A) it was based on equity considerations.
• B) the decision was made on the basis of an assessment center.
• C) her intrinsic motivation, not her ability, determined the decision.
• D) she got it because of her sex and not her qualifications.

Understand the creation and revocation of wills and trusts.

Identify the different types of trusts and their characteristics.

Recognize the roles and powers of parties involved in trusts and estates.

Comprehend the legal requirements for the formation and revocation of a trust.

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Definitions:

Dividend

Funds distributed by a corporation to its shareholders, typically from the company's earnings.

Arithmetic Average

The sum of a set of numbers divided by the count of that set of numbers, commonly used to compute simple averages.

Historical Annual Average

An average value calculated from a series of yearly figures, often used in financial analysis to smooth out fluctuations.

Holding-Period Return

Holding-period return is the total return received from holding an asset or portfolio of assets over a specified period, including interest, dividends, and capital gains.