Which of the Following Is Not One of the Reasons

question 37

Multiple Choice

Which of the following is not one of the reasons suggested by the text as to why people create trusts?

• A)Protect an animal.
• B)Prevent individuals from gaining access to certain assets.
• C)Protect another person.
• D)Avoid paying taxes.
• E)Hide assets from creditors.

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Definitions:

Department Store Sale

A promotional event in a large retail store offering products at reduced prices for a limited period.

Big Five Factors

A model in psychology that describes personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual that are consistent over time and across situations.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the desire to do a task well.