Dan, a widower, dies intestate. He leaves two surviving children, Joe and Carrie, and two grandchildren who are children of his deceased daughter, Debra. If Joe and Carrie each take one-third of his estate and the grandchildren each take one-sixth of the estate, this is described legally by the statement that:
a. lineal descendants of predeceased children take property per stirpes.
b. lineal descendants take the property per capita.
c. collateral heirs take the property per stirpes.
d. lineal descendants and collateral heirs take the property per capita.
a
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Which of the following statements is true?
A) No loss contingencies should be disclosed if there is just a reasonable possibility of a loss. B) Indirect guarantees should normally be accrued. C) In the case of loss contingencies, accrual can be made even if the exact payee and payment date are not known. D) Losses may be accrued for unasserted claims and other potential unfiled lawsuits.
Identify the statement that is incorrect.
A. Risk is higher if a company has higher assets. B. Lower financial leverage involves lower risk. C. The debt ratio is one measure of financial risk. D. Higher financial leverage involves higher risk. E. Risk is higher if a company has more liabilities.
The financial services, travel services, and job placement services industries typically use the ________ business model
A) community provider B) transaction broker C) market creator D) e-tailer
The ability of a supply chain to quickly respond to short-term changes in demand or supply is called ________.
Fill in the blank(s) with the appropriate word(s).