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NEW QUESTION: 1
When a trustee for private investment funds has responsibility toward current beneficiaries who are income oriented and future beneficiaries ("remaindermen") who are capital growth oriented, she has primary fiduciary duty toward:
A. the income beneficiaries.
B. both have to be treated on the same footing.
C. insufficient information.
D. the remaindermen.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Personal trust account trustees are subject to the "Prudent Man Rule" in their investment behavior and are required to follow the guidelines of the trust. In particular, when there are conflicting interests involved, the trustee is required to maintain an equitable balance between the interests of different groups. Standard IV (B.1) - Fiduciary Duties - and the Topical Study, "Fiduciary Duty."
NEW QUESTION: 2
Which application associates different types of contracts for the same vendor?
A. Purchase Contract
B. Labor Rate Contract
C. Lease/Rental Contract
D. Master Contract
Answer: D
NEW QUESTION: 3
Northern Trail Outfitters' marketing team includes the nearest store to customers in the template of its emails. This data extension only needs to be updated when store information changes, such as when a new store opens or a store closes.
How can this be achieved?
A. Create a file drop automation to initiate when the store's data extension is updated via import.
B. Create an automation to begin when Information changes on a store object using a workflow rule.
C. Create a file drop automation to import the file when placed on the specified directory on the Enhanced FTP.
D. Create a scheduled automation to import the file on a recurring basis with store information.
Answer: C