Identify which of the following statements is false.
A) If an individual transfers property in trust and reserves the right to the trust's income for life, the individual retains a life estate.
B) An individual who receives a remainder interest will receive property after the death of the holder of a life estate.
C) If a grantor transfers property in trust and names a beneficiary to receive only a term-certain interest and then the property is to return to the grantor, the transaction is not subject to gift tax.
D) Life estates are valued using actuarial tables.
C) If a grantor transfers property in trust and names a beneficiary to receive only a term-certain interest and then the property is to return to the grantor, the transaction is not subject to gift tax.
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An invoice in the amount of $600 is subject to a trade discount of 30% and credit terms of 2/10, n/30 . If all discounts are taken, the buyer will pay what amount to settle the account?
a. $12; b. $180; c. $408; d. $411.60; e. $420
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Discuss the characteristics of focus groups (Table 5.2 in the text). List at least four 4 characteristics and explain why it is important to consider each characteristic
What will be an ideal response?
Outsourcing refers to contracting a portion of operations to a third party. Such outsourcing ______.
a. refers to third-party contracting for manufacturing only b. refers to third-party contracting when the third party is located in a different country c. is applicable only for services d. can improve operational flexibility