Which of the following is true of a joint will?
A. The mere fact that a joint will has been executed creates the presumption of a contract not to revoke the will.
B. Whether a joint will is revocable depends only on the language of the will.
C. A testator who has made a joint will cannot change the will later under any circumstances.
D. Underlying a joint will is an agreement on a common plan.
Answer: D
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Which of the following is a potential benefit of an in-house advertising agency?
A. greater control B. greater flexibility C. greater objectivity D. access to more highly skilled specialists E. potential to obtain varied perspective on advertising problems
Effective group members ________ openly with any member of the group-done productively, without being offensive.
Fill in the blank(s) with the appropriate word(s).
When a statement of cash flows is prepared using the indirect method,
A) net income is the starting point in determining cash flows from operations. B) cash paid for dividends is not included. C) the increase in cash is different than when the direct method is used. D) the amount of cash collected from customers is calculated.
Which of the following decisions by management could increase a firm's Market Value Added (MVA)?
A) Improve the rate of return on the existing capital base. B) Invest more capital in attractive projects with returns that exceed the cost of capital. C) Stop investing in projects that have returns less than the appropriate cost of capital. D) All of the above.