For Each of the Following Items, Insert the Best Term

question 82

Multiple Choice

For each of the following items, insert the best term or phrase. An answer choice may be used more than once, but only one choice is the best for each descriptive phrase.
-The person who transfers assets to a trust.

• A)Complex
• B)Decedent
• C)Executor
• D)Grantor
• E)Administrator
• F)Reversionary
• G)Simple
• H)Sprinkling
• I)Trustee

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Definitions:

Mechanistic Structure

An organizational structure characterized by rigid procedures, fixed duties, and a clear hierarchy of authority.

Decentralized

The distribution of administrative powers or functions across a wide range of authorities or locations rather than being concentrated in one.

Span of Control

Refers to the number of subordinates or direct reports that a manager or supervisor can effectively oversee.

Formalized

The process of defining, establishing, and enforcing rules, procedures, and standards within an organization or system.