Explain the purpose of a living will and a durable power of attorney. How are they different?
Living will — After diagnosis of illness as terminal, it allows a physician to withdraw life support under stated conditions. (In some states the living will can be executed before a diagnosis of a terminal illness.)
Durable power of attorney — Can be created at any time and allows another person to make
health care decisions for one who is unable to do so. Authority can also be granted to transfer property and make management decisions consistent with the document for the benefit of the beneficiary. The durable power of attorney can be revoked at any time by a patient who is lucid.
The principal differences between the two are the point in time when each can be created and who is granted the authority to make the health care decisions.
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Which of the following is an example of an exculpatory clause?
a. Creditor charges 38% interest on a loan. b. Seller is not responsible for property damage regardless of the cause of the injury. c. Buyer agrees to pay any costs of litigation. d. Employee agrees to never work for a competing company.
Only U.S. and Canadian manufacturers may submit their products to independent laboratories for testing in order to attach the CE mark before admitted into the EU
Indicate whether the statement is true or false
Junior earns $80,000 taxable income as a regional circuit stock car driver and is taxed at an average rate of 25 percent (i.e., $20,000 of tax). If Congress increases the income tax rate such that Junior's average tax rate increases from 25 percent to 30 percent, how much more income tax will he pay assuming that the income effect is larger than the substitution effect? What effect will this tax rate change have on the tax base and tax collected? What will happen to the government's tax revenues if Junior chooses to spend more time pursuing his other passions besides work (e.g., earns only $60,000 in taxable income) in response to the tax rate change? What is the term that describes this type of reaction to a tax rate increase? (Round your answers to two decimal places.)
What will be an ideal response?
________ is a team strategy that entails making decisions with the team and then telling outsiders of the team's intentions.
A) Informing B) Parading C) Probing D) Collaborating E) Empowering