When a Contributor and a Government Agree That the Principle

question 39

True/False

When a contributor and a government agree that the principle and/or income of trust assets is for the benefit of individuals, organizations, or other governments, a private-purpose trust has been formed.

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Definitions:

Cost-Benefit Analysis

A comparison of the marginal costs of a project or program with the marginal benefits to decide whether or not to employ resources in that project or program and to what extent.

Marginal Cost

The additional expense incurred from creating an extra unit of a product, emphasizing how production costs change with the level of output.

Marginal Benefit

The supplementary value or advantage gained by using or generating one more quantity of a good or service.

Marginal Benefits

The additional benefits or advantages gained from an increase in an activity or the consumption of a good or service.