A trust can be terminated in any of the following manners, except: _______
A) by its own terms
B) by impossibility of attaining the object of the trust
C) by revocation of the trust by the settlor
D) by a money judgment against the trustee
D
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Respond to the following: a. What is meant by the “articulated” approach to financial statements? b. How does the revenue-expense approach differ from the asset-liability approach for defining accounting elements? c. What, if any, would be the advantage of using a non-articulated approach to financial statements?
What will be an ideal response?
Triad Systems is a maker of computer peripherals. The firm's compact disc (CD) drive brand
was once the highly sought after for its durability and low costs. However, with the introduction of flash drives and other faster memory storage technologies, the CD drive market has declined and almost all of Triad's competitors in the market have discontinued production of CD drives. Triad Systems is possibly the lone seller of CD drives today. However, considering the fact that most of the support software for technological products such as mobile phones and operating systems are distributed in CD form, there are still users who buy CD drives. Which of the following strategies would prove most advantageous to Triad Systems? A) Triad should discontinue distribution through low value-added channels such as mail order and telephone sales. B) Triad should adopt an intensive distribution strategy involving multiple channels to boost sales of the declining product. C) Triad should raise prices of the CD drives as there is no acceptable substitute to its product in the market. D) Triad should develop product variants, such as CD drives with USB slots, to extend the life cycle of the product.
An interview committee must decide which interviewee to hire as the company's new project manager. Committee members have decided to vote and then hire the candidate receiving the most votes. What method for reaching group decisions is this team using?
A) Majority B) Consensus C) Authority rule with discussion D) Averaging
No-fault insurance coverage pays the insured only if the insured was not at fault in an accident
Indicate whether the statement is true or false