Plant life is considered to be real property
a. True
b. False
Indicate whether the statement is true or false
True
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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.
ASA in the "ASA framework," a process that can help keep culture of the organization strong, stands for
A. attribution-submission-anticipation. B. attraction-selection-attrition. C. attrition-selection-attraction. D. assertion-supplementation-apprehension. E. anticipation-socialization-articulation.
Surf 'N' Sun Shop sells ski boats and other boating accessories. It receives most of its inventory about three months in advance of the summer season, but it is not able to pay for the inventory up front. Instead, its suppliers allow Surf 'N' Sun to use its inventory as collateral. This type of agreement is called
A. unsecured short-term financing. B. long-term lending. C. factoring. D. secured short-term financing. E. a promissory note.
Using the ABC classification system for inventory, which of the following is a true statement?
A. The A items are of high dollar volume. B. The C items are of moderate dollar volume. C. Inexpensive and low usage items are classified as C no matter how critical. D. The A items are of low dollar volume. E. You should allocate about 50 percent of the dollar volume to B items.