The Most Basic Type of Trust Is the ________ Trust,which

question 85

Multiple Choice

The most basic type of trust is the ________ trust,which allows a business owner to put assets into a trust naming his spouse as the beneficiary upon his death.

• A)irrevocable
• B)grantor
• C)bypass
• D)ESOP

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Definitions:

Endless Chain Referral

A method in sales where a customer is asked to provide the names of other potential customers, creating a "chain" of referrals that can potentially lead to endless opportunities.

Prospecting

The process of searching for potential customers or clients to generate new business opportunities.

New Prospects

Potential customers who have been identified as having a probable interest in a product or service but have not yet made a purchase.

Increase Sales

Strategies or actions taken to upraise the number of products or services sold, thus enhancing revenue.