In order to travel extensively and not worry about handling her affairs, Lee transfers most of her assets into a trust, with her bank serving as trustee. She has created a(n) ________ trust.
A. travel
B. testamentary
C. constructive
D. inter vivos
Answer: D
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Hundreds of millions of people are themselves supplying personal information to businesses through the use of personal social media accounts.
Answer the following statement true (T) or false (F)
Marketers who design and offer new products and services to their existing customers are pursuing a ________ growth strategy.
A. product proliferation B. market penetration C. diversification D. market development E. product development
Refer to Scenario 9.2. If the plant reduces its lead time from 4 to 2 weeks and keeps its 600 unit lot size, what is the wholesaler's new total cycle plus pipeline inventories?
A) 300 units B) 500 units C) 700 units D) 200 units
Adams Enterprises' noncallable bonds currently sell for $910. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. What is their yield to maturity?
A. 7.34% B. 9.66% C. 8.60% D. 9.95% E. 11.21%