Which of the following is not an example of primary diversity?
a. Religion
b. Age
c. Ethnicity
d. Sexual orientation
a. Religion
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A partnership:
A. Is a legal organization separate from its owners. B. Has unlimited liability for its partners. C. Has to have a written agreement in order to be legal. D. Is also called a sole proprietorship. E. Has owners called shareholders.
Using an idea does not prevent others from simultaneously using it for their own benefit. Typically, this is impossible with ________ assets.
A. flimsy B. intangible C. physical D. strong
Personal selling is used most commonly in the B2B market as well as in the B2C market for
A. mass-market products. B. low-price products. C. high-end products. D. personal services. E. raw materials.
Steve and Ed are cousins who were both born on the same day, and both turned 25 today. Their grandfather began putting $2,100 per year into a trust fund for Steve on his 20th birthday, and he just made a 6th payment into the fund. The grandfather (or his estate's trustee) will make 40 more $2,100 payments until a 46th and final payment is made on Steve's 65th birthday. The grandfather set things up this way because he wants Steve to work, not be a "trust fund baby," but he also wants to ensure that Steve is provided for in his old age. ? Until now, the grandfather has been disappointed with Ed, hence has not given him anything. However, they recently reconciled, and the grandfather decided to make an equivalent provision for Ed. He will make the first payment to a trust for Ed today,
and he has instructed his trustee to make 40 additional equal annual payments until Ed turns 65, when the 41st and final payment will be made. If both trusts earn an annual return of 8%, how much must the grandfather put into Ed's trust today and each subsequent year to enable him to have the same retirement nest egg as Steve after the last payment is made on their 65th birthday? Assume that all payments are made at the end of the year. A. $2,660 B. $3,255 C. $3,067 D. $3,129 E. $3,036