A Person or Institution That Holds or Generally Manages Property

question 28

Multiple Choice

A person or institution that holds or generally manages property for the benefit of someone else under a trust agreement is called a(n) :

• A) beneficiary.
• B) executor.
• C) trustee.
• D) guardian.
• E) executrix.

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Definitions:

Marginal Cost

The increase in cost resulting from the production of one additional unit of output.

Quarts Of Milk

A unit of volume measurement used primarily in the United States to measure liquids, with one quart equivalent to roughly 0.946 liters; often used to measure milk quantity.

Cereal

Grain-based food processed or whole, often consumed as breakfast and served either hot or cold, usually in milk or yogurt.

Marginal Cost

The financial outlay for creating an additional unit of a product.