Which of the Following Statements About Charitable Trusts Is True

question 18

Multiple Choice

Which of the following statements about charitable trusts is true?

• A) No one person can bring suit to enforce a charitable trust.
• B) Gifts to charities are subject to federal estate tax.
• C) A charitable trust is created for the benefit of an individual.
• D) The actual beneficiaries are actual and ascertainable.

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Definitions:

Total Variable Cost

The sum of expenses that change in proportion to the activity or volume of production.

Average Variable Cost

The total variable costs divided by the quantity of output produced; it fluctuates with changes in output.

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a good or service.

Average Variable Cost

The per-unit variable cost, found by dividing the total variable expenses by the amount of output generated.