When MrPeabody Decides on the Companies to Which He Will Donate

question 148

Multiple Choice

When Mr.Peabody decides on the companies to which he will donate his time and money, a ________ issue is being addressed.

• A)microeconomic
• B)macroeconomic
• C)positive economic
• D)normative economic

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Definitions:

Trust Creation

The process of setting up a trust, wherein a trustee holds property or assets for the benefit of a third party, known as the beneficiary.

Consideration

The payment or promise of something of value given by one party to another in exchange for an act or promise that forms the basis of a contract.

Spendthrift Trust

A trust designed to prevent beneficiaries from squandering their inheritance by controlling the distribution of assets.

Beneficiary Interest

Refers to the rights or advantages accruing to a beneficiary, generally in the context of trusts or estates.