Which of the Following Activities Would Be Accounted for by a Trust

question 49

Multiple Choice

Which of the following activities would be accounted for by a trust fund?

• A) Deposits held for customers of a city-owned electric utility.
• B) Assets passed-through the state government to the local government.
• C) Assets held for special assessment bondholders for which the city has no liability.
• D) Assets which are used to assist in the preservation of a private residence.

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Definitions:

Correspondence Principle

The principle whereby the structures of workplaces are reflected in the structures of schools.

Bowles and Gintis

Two economists known for their work on the correspondence theory, examining the relationship between education and the economy.

Social Class Mobility

The ability for individuals or groups to move within or between social hierarchies in a society.

Objective Impossibility

A situation in which it is not possible to perform a contract due to circumstances beyond the control of all parties.