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Claudette's grandchildren are 7 and 9 years old. When Claudette passed away, her grandchildren inherited her money. However, the will stipulated that they should not get control of the money until age 25. Which of the following should be set up to provide for the management and control of the funds?
Financial Planning
The process of developing strategies to manage finances, including income, expenses, savings, and investments, to achieve financial goals.
Supply Chain Network Design
Planning and structuring a supply chain's logistics and distribution strategy to maximize efficiency and productivity.
Offshoring
The business practice of relocating manufacturing processes or services to another country to reduce costs.
Working Capital
Refers to a company's current assets minus its current liabilities, indicating the liquid capital available for day-to-day operations.
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