Dr. Gavornne advises his very ill patients to prepare a living will. The purpose of a living will is to
A. make a disposition of property.
B. express a desire not to have extreme medical treatment that would prolong their lives.
C. transfer life insurance.
D. consent to organ donation.
Answer: B
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Which of the following rules must be kept in mind while framing a questionnaire?
A) Use broad and loosely defined words in the questions. B) Avoid using response bands. C) Ensure that fixed responses overlap. D) Frame hypothetical questions. E) Allow for the answer "other" in fixed-response questions.
If in evaluating a proposal by use of the net present value method there is an excess of the present value of future cash inflows over the amount to be invested, the rate of return on the proposal is less than the rate used in the analysis
Indicate whether the statement is true or false
A secured creditor whose claim exceeds the value of the collateral may submit a proof of claim and become an unsecured claimant as to the difference
Indicate whether the statement is true or false
Gerard and Tony organize an LLC (limited liability company) by investing $55,000 and $45,000 respectively
The operating agreement states that profits are to be shared in the ratio of 55:45 between Gerard and Tony and makes no mention of sharing losses. The LLC incurs a loss of $100,000 in its first year. How is this loss shared? A) Both Gerard and Tony have to pay $50,000 each. B) Gerard pays $55,000, while Tony pays $45,000. C) Gerard pays $45,000, while Tony pays $55,000. D) Gerard and Tony are not liable for the losses of the LLC.