Which of the Following Is the Most Reliable Means of Distinguishing

question 8

Multiple Choice

Which of the following is the most reliable means of distinguishing a trust relationship from an agency relationship for purposes of deciding which type of fiduciary fund should be used?

• A)Examine the amount of money involved; agency relationships generally involve smaller amounts.
• B)Examine the aggregate of factors,such as the enactment that brought the relationship into existence,statutes,regulations,etc,that help define the nature of the relationship.
• C)Examine the length of time assets will be held; trust relationships are generally in existence longer than agency relationships.
• D)Examine the wording of any agreements to determine if the word "trust" or "agency" is used.

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Definitions:

Frequent Flyers

Individuals who travel by air often, typically for business reasons, and may accrue benefits from loyalty programs.

Flexible Assignment

Work tasks or roles that are adaptable and can change based on project requirements or employee skills.

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Laws and regulations governing the relationship between employers and employees, including rights, duties, and obligations of each party.

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The range of identities of individuals based on their internal sense of their gender, which may or may not correspond to their sex assigned at birth.