The characteristics of a spendthrift trust include which of the following?
A) Spendthrift provisions are not valid in most states.
B) Spendthrift trusts are created to preserve assets against trust creditors.
C) A settlor may provide, in a spendthrift trust, that the beneficiaries cannot, by assignment or otherwise, impair their rights to receive principal or income.
D) All of these.
C
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Though the ________ method of setting an advertising budget is simple to use and helps management think about the relationships among promotion spending, selling price, and profit per unit, it wrongly views sales as the cause of promotion rather than
the result. A) percentage-of-sales B) competitive-parity C) bottom-up D) objective-task E) push-pull
Answer the following statements true (T) or false (F)
Because post-earnings-announcement drift shows that there is at least some amount of efficiency in the market, it is even more important to attempt to improve the quality of accounting standards.
Effective teams avoid groupthink by striving for team diversity, encouraging open discussion, ?and ________
A) ?avoiding discussions about implementation B) ?not demanding a quick decision C) ?forming teams largely of older employees D) ?collecting and evaluating only information that supports their opinions
Precision Engineering Inc, like other corporations, is subject to laws that are broad in their purpose and their scope. Compliance with these laws is not always sufficient to determine "right" behavior because
a. the law does not codify all ethical requirements. b. company codes are also sources of law. c. business decisions can have negative impacts. d. ethical problems occur in business.