Gwen and Hunt Are Partners in Investment Associates

question 40

Multiple Choice

Gwen and Hunt are partners in Investment Associates. Hunt takes advantage of a partnership opportunity for personal gain that causes the firm's business to suffer. A court orders Hunt to hold the profits in trust for the partnership. This is​

• A) ​a constructive trust.
• B) ​an living trust.
• C) ​a resulting trust.
• D) ​a testamentary trust.

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Definitions:

Coefficient Of Determination

A measure that represents the proportion of variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Coefficient Of Correlation

A statistical measure that quantifies the degree to which two variables change in relation to each other, ranging from -1 to 1.

Regression Line

A line that best fits the data points in a scatter plot, showing the relationship between the independent and dependent variables.

Slope

In statistics, it typically refers to the rate at which one variable changes in relation to another in a linear regression model.