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quiz 3

Authored by Riccardo Riccardo

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University

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quiz 3
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is typically the largest annual cost component of a family office?

Technology licensing

Office rent

Staff compensation and benefits

Legal fees

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key legal risk if a family office charges an offshore trust below market rate for services?

VAT recovery is reduced

It may constitute a tainted settlement

The trust loses protected status

The trust becomes liable for FCA regulation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What technological issue is increasingly challenging for family offices?

Automating real estate management

Data aggregation and reporting

Social media presence

Creating NFT-based portfolios

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which risk is most commonly cited in family offices’ operational risk management frameworks?

Political instability

Cybersecurity

Legal liability from foundations

Exchange rate fluctuations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are Multi-Family Offices (MFOs) typically funded?

Family equity injections

Rental income

Fees from third parties

Public offerings

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a recommended response to the increasing use of technology in family offices?

Limit digitization to protect privacy

Hire talent with data analytics expertise

Avoid using cloud-based systems

Focus exclusively on external advisors

7.

OPEN ENDED QUESTION

3 mins • 1 pt

What distinguishes a principal-directed governance model in a family office?

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