Filbert wants to put some money in trust for his son Gregor, but he does not want to lose full control over the funds in case he may need them in the future. One trust suited to Filbert's needs is
A. a charitable trust.
B. a constructive trust.
C. a spendthrift trust.
D. a Totten trust.
Answer: D
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Walmart exited from the German market due to the fact that Germans
A) could find lower prices at discount stores. B) preferred shopping in larger malls. C) did not care for American businesses. D) preferred "all-in-one" store. E) preferred only European businesses.
Which of the following most accurately describes a brand extension?
A) a new product that combines the power of two or more brand names B) a new product sold under an established brand name C) a new product added to the lower end of a product mix D) a new product added to the higher end of a product mix E) a new product line added to a product mix
A ledger:
a. is a "book of accounts." b. will have total assets equal to total liabilities and equity once revenue and expense accounts have been closed. c. summarizes all transactions related to specific accounts. d. All of the choices are true of the ledger. e. None of the choices are true of the ledger, but are true of master (control) accounts.
What is the name given to a security arrangement in which all the personal property of the business are pledged as collateral?
A) general security agreement B) mortgage C) chattel mortgage D) personal property security arrangement E) conditional sale