Which of the following is a reason why premature death may result in economic insecurity? I. Additional expenses associated with death may be incurred. II. The income of the deceased person's family may be inadequate to meet its basic needs
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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A ________ is created when a person deposits money in a bank account in his or her own name and holds it as a trustee for the benefit of another person
A) resulting trust B) Totten trust C) spendthrift trust D) testamentary trust
Which of the following best describes the auditors' approach to the audit of accrued liabilities?
A. Test computations. B. A low planned assessed level of control risk. C. Confirmation. D. Observation.
Which of the following is possible when r = 0?
A. Variables are related, but the relationship is nonlinear. B. No pattern is evident that can be described with a single line. C. The pattern is linear such that a straight line passes through the data array. D. No pattern is evident that can be described with a single line, and variables are related, but the relationship is nonlinear. E. The pattern is three-dimensional.
A simple sequential project (each task must be completed before the next one can begin) has the time estimates (in days) shown below:
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What is the likelihood the project will be completed in 10 days?
A. Between 88 and 88 percent
B. Between 89 and 92 percent
C. Between 93 and 97 percent
D. Between 98 and 100 percent