Orin creates a living trust to pass his assets, including stock in Petro Oil Company and other business investments, to his heirs. One advantage of this arrangement is that
A. income taxes do not have to be paid on trust earnings.
B. the assets are sheltered from the payment of estate taxes.
C. the assets can be transferred without going through probate.
D. the trust does not come into existence until the grantor's death .
Answer: C
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Skimming involves
a. stealing cash from an organization before it is recorded b. Stealing cash from an organization after it has been recorded c. manufacturing false purchase orders, receiving reports, and invoices d. A clerk pays a vendor twice for the same products and cashes the reimbursement check issued by the vendor.
Which of the four characteristics of a marketing audit is described by the fact that outside consultants can bring necessary objectivity to the process?
A) comprehensive B) systematic C) independent D) periodic E) opinion-based
______ reasoning draws comparisons between two objects or cases.
Fill in the blank(s) with the appropriate word(s).
_______ means providing customers with reliable products or services at competitive prices and delivered with minimal difficulty or inconvenience
a. Product leadership b. Customer intimacy c. Operational excellence d. Strategy