The primary purpose of a marital share will is to

A) give each former spouse a share of the assets in the case of multiple marriages.
B) minimize taxes on the estate.
C) give all assets to the surviving spouse.
D) keep peace in the family.


Answer: B

Business

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The discount on a note payable gradually becomes

a. interest expense; b. interest revenue; c. interest payable; d. interest receivable; e. none of these.

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If a portfolio manager had to estimate the fair value of privately placed bond issues, which of the following would he/she most likely identify as the level of inputs to determine this?

a. Level 1. b. Level 2. c. Level 3. d. None of these.

Business

ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable costs per unit are tabled here. Determine the production volume at which costs of Processes A and B are equal.


A. 2,000
B. 3,000
C. 4,000
D. 1,000

Business

Describe the arguments articulated by proponents of the managerial school of social responsibility

What will be an ideal response?

Business