In a deed of trust, the lender is

a. the trustor.
b. the trustee.
c. the beneficiary.
d. the holder.

Answer: c. the beneficiary.

Business

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The functional structure is well-suited when:

A) There are low levels of external uncertainty. B) There is high instability in the environment. C) Project coordination is assigned to the lowest levels in an organization. D) There must be rapid response to external opportunities and threats.

Business

Two tellers of a Tenth National Bank branch colluded to embezzle $40,000 over a six-month period. State bank examiners detected the embezzlement during a routine bank examination. Tenth National purchased a financial institution bond

Under which of the following insuring agreements is this loss covered? A) Insuring Agreement A—Fidelity B) Insuring Agreement B—On Premises C) Insuring Agreement C—In Transit D) Insuring Agreement D—Forgery or Alteration

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