Martha is 60 and has a very high net worth. Her most pressing financial concern is probably:
A. asset acquisition planning.
B. liability planning.
C. estate planning.
D. insurance planning.
E. savings planning.
Answer: C
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During weekly conference calls, Mary, a restaurant manager for a national chain of restaurants, and the other managers in her district explain to their district manager the reasons for different decisions; they also explain why certain costs and sales were higher or lower than they were the previous week. _______ is the explanation of their decisions and work results.
A. Accountability B. A stepped decision C. A hierarchy of authority D. Touching E. Power
Which of the following agency relationships is formed when a principal leads a third party to believe that a certain person is acting as an agent for the principal?
A) expressed agency B) agency by implied authority C) agency through ratification D) agency by estoppel
A shareholder of one-third of all the stock in a corporation would be entitled to one-third of all corporate assets of an ongoing company
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT a stakeholder?
A) a business competitor. B) shareholders. C) employees. D) customers.