Elmo Is the Owner and Manager of a Business Trust

question 43

Multiple Choice

Elmo is the owner and manager of a business trust. Under the terms of a business trust, Elmo is required to

• A) distribute the profits and manage the property.
• B) distribute the profits only.
• C) manage the property only.
• D) neither distribute the profits nor manage the property.

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Definitions:

Type A Individuals

Persons characterized by a competitive, aggressive, and highly organized approach to life, often associated with a higher risk of heart disease.

Cholesterol

A type of lipid molecule that is essential for building cell membranes and synthesizing certain hormones, but high levels can increase the risk of heart disease.

Liver

A vital organ involved in metabolism, detoxification, protein synthesis, and several other important biological processes.

Thyroid Gland

An endocrine gland located in the neck, that produces hormones regulating metabolism, energy generation, and growth.