Which One of the Following Is Not an Unfunded Plan

question 50

Multiple Choice

Which one of the following is not an unfunded plan? (Secular Trusts)

• A)General asset approach
• B)Secular trusts
• C)Corporate life insurance
• D)Rabbi trusts

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Definitions:

Marginal Utility Data

Information related to the additional satisfaction or benefit a consumer receives from consuming one more unit of a good or service.

Utility-Maximizing

The economic principle that assumes individuals seek to achieve the highest level of satisfaction or utility from their consumption decisions.

Marginal Utility

The added pleasure or benefit received from consuming an additional unit of a good or service.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, and other forms of income.