If a wealthy client with no children wishes to leave $500,000 to the local chapter of American Red Cross, that client may want to create:

A) a spendthrift trust.
B) a resulting trust.
C) a constructive trust.
D) a charitable trust.


D

Business

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Skills people need to use and support the specific products and technologies the service desk supports are referred to as ____ skills.

A. business B. computer C. technical D. analytical

Business

Zachary holds 15 stocks in his portfolio. The portfolio's return last year was 11%, but one stock, RJH, doubled in value. What should Zachary do if he wants to be as diversified as he was at the beginning of the year?

A) Sell some of the RJH because it now constitutes a higher percentage of his holdings. B) Sell the worst performing stock and use the proceeds to buy more RJH. C) Wait for the price for RJH and the remaining stocks to rise so the proportions are reestablished. D) Sell the RJH and buy a cheaper stock in the same industry.

Business

The Food, Drug and Cosmetic Act of 1938 expanded the powers of the FDA to include:

a. the ability to set safe levels of additives in foods b. new enforcement powers c. prohibiting false advertising of drugs d. inspection of drug producers e. all of the other choices

Business

Which of these is not an objective of the Global Reporting Initiative (GRI)?

A. Providing tax incentives for global corporate citizens. B. Combining long-term profitability with ethical goals, social justice, and environmental care. C. Reflecting the interests of business, labor, civil society, and financial markets. D. Measuring social performance across companies.

Business