A(n)_________is the arrangement whereby property is transferred from one person, the to be administered by a(n) for the benefit of a third party, the_________

Fill in the blank(s) with correct word


trust; trustor OR settlor; trustee; beneficiary

Business

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Which of the following is NOT a use of labor standards?

A) labor content of items produced B) cost and time estimates prior to production C) crew size and work balance D) basis of wage-incentive plans E) All of the above are uses of labor standards.

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The objective for managing accounts receivable is to avoid credit sales as much as possible

Indicate whether the statement is true or false

Business

________ is the practice of trading goods and services without the use of money.

A. Noncash incentive B. Consignment C. Barter D. Float

Business

Securities differ from other assets in that they:

a. are valuable in and of themselves b. have a fixed value c. have no intrinsic value in themselves d. are tangible assets e. all of the other choices

Business