Which of the Following Statements Regarding the Positive and Negative

question 106

Multiple Choice

Which of the following statements regarding the positive and negative consequences of power is INCORRECT?

• A)Individuals are often quick to question the actions of those in power.
• B)Powerful CEOs can align an organization to achieve goals.
• C)The adage,"Power corrupts and absolute power corrupts absolutely" seems to have some merit.
• D)Power can corrupt and lead to the destruction of companies.

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Definitions:

Spendthrift Trust

A trust designed to provide a beneficiary with income while protecting the trust assets from being claimed by creditors or the beneficiary's poor spending habits.

Trust Assets

Assets that are held and managed by a trust for the benefit of the trust's beneficiaries.

Investment Professional

an individual or organization specialized in advising clients on where and how to invest their money to achieve financial growth.

Trust Agreement

A legal document that establishes a trust and outlines how it will be administered and specifies the rights and duties of the parties involved.