A Trust Is Invalid If a Beneficiary Lacks Capacity

question 15

True/False

A trust is invalid if a beneficiary lacks capacity.

Know the objectives and strategies of public relations campaigns.

Grasp the concept and significance of loyalty programs in customer retention.

Comprehend the budgeting methods and financial considerations in marketing promotions.

Recognize non-traditional forms of advertising and measure their effectiveness.

---

Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, typically used to control costs for essential items like food and rent.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, representing a state of market balance.

Shortage

A situation where demand exceeds supply, resulting in insufficient availability of a product or service.

Permanent Shortage

A sustained situation where the demand for a good or service persistently exceeds its supply, often due to fixed or limited quantities.