Which of the Following Is a Typical Duty of a Trustee

question 48

Multiple Choice

Which of the following is a typical duty of a trustee?

• A) File the entity's state and Federal income tax returns.
• B) Invest the assets that comprise the corpus of the entity.
• C) Distribute entity accounting income to the beneficiaries in accordance with the provisions of the trust instrument.
• D) All of the above.

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Definitions:

Geodemographic Segmentation

A method of market segmentation that combines demographics with geographic location to identify market segments with similar characteristics and behaviors.

Psychographic Segmentation

A marketing strategy that divides a market based on consumer personality traits, lifestyles, interests, attitudes, and values.

Geographic Segmentation

The division of a market into different geographical units such as countries, states, regions, cities, or neighborhoods, to tailor marketing efforts to local preferences and conditions.

Lifestyle

The interests, opinions, behaviours, and behavioural orientations of an individual, group, or culture.