Two key goals of estate planning are to ensure that your estate passes to the proper beneficiaries and to ensure that your estate may be insulated to the extent possible from taxes

Indicate whether the statement is true or false.


Answer: TRUE

Business

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If accounts payable have increased during a period,

a. revenues on an accrual basis are less than revenues on a cash basis b. expenses on an accrual basis are less than expenses on a cash basis c. expenses on an accrual basis are the same as expenses on a cash basis d. expenses on an accrual basis are greater than expenses on a cash basis

Business

Which of the following is NOT recorded as the cost of a building?

A) building permits B) fencing C) architectural fees D) contractor charges

Business

You are a financial planner who uses demographic segmentation factors such as age, income, education and family status to identify potential clients for your retirement investing services. You are also interested in investigating how to use psychographic segmentation to identify potential clients. How can you use the concepts of psychographic segmentation to assist you in identifying additional clients?

What will be an ideal response?

Business

Which of the following businesses is most susceptible to negative network effects?

A. Clover Technologies produces computer processing chips and sells them to a variety of manufacturers for use in smartphones and other devices. B. Pics Match is a social media platform where users upload photos to the site and are matched with other users who have taken similar photos. C. Green Tools manufactures solar powered gardening implements and sells them online. D. Moonglow Shoes produces a line of lightweight running shoes that are endorsed by an Olympic gold medalist.

Business