A Legal Entity in Which You Control the Assets and Can

question 5

Multiple Choice

A legal entity in which you control the assets and can receive income,but also have the option to leave or remove assets,is called a(n)

• A)family trust.
• B)revocable living trust.
• C)irrevocable living trust.
• D)testamentary trust.

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data.

Performance Evaluations

The process of assessing an employee's job performance, typically through formal review meetings and feedback mechanisms.

Morning Bias

A cognitive bias where individuals may have a preference or exhibit better performance and decision-making skills in the morning.

Leniency

The tendency to perceive the job performance of ratees as especially good.