Which of the Following Is Not a Characteristic of a Unit

question 13

Multiple Choice

Which of the following is not a characteristic of a unit trust?

• A) Income is distributed to the parties according to their respective unit holdings in the trust.
• B) Holds a collection of assets on behalf of various members rather than only family members.
• C) Provides the trustee with discretion, according to the trust deed, over who receives distributions from the trust.
• D) Usually concentrates on a particular investment such as equity, property or cash management.

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Definitions:

Evidence-based

A decision-making process that involves integrating best available research evidence with practitioner expertise and client preferences.

Decision Cycle

The process through which choices are identified, considered, and acted upon in a cyclical manner.

Crowdsourcing

The practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, especially from the online community.

Outsourcing

The business practice of hiring external parties to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.