Mary creates and funds a revocable trust. Mary names her son to receive the income for life and her grandson to receive the property upon the son's death. What are Mary's powers with respect to the trust, and how will the trust be treated in her estate?
What will be an ideal response?
Since the trust is revocable, Mary may change the terms during her lifetime. Mary's gross estate will include the date-of-death value of the entire trust.
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Which of the following do social activists commonly decry as being a double standard?
a. a developing country business that tries to hide its use of sweatshops b. an American company that sometimes bribes local American officials for preferred treatment c. an American company that bribes government officials in other countries that form part of its supply chain d. an American company that ignores union rules and works its domestic employees far past legal hours
“I encourage you to place an order for a new 2200 Convet today” is a(n) ______.
A. rationale B. general purpose statement C. specific purpose statement D. overview
The Pareto chart is a good tool to use ______.
a. when the data from a manufacturing or a service process can be broken down into categories and the frequency of occurrences in each category can be counted b. when we are considering only services c. when we want to show the correlation between two variables d. when we want show changes over a period of time
The Theory of Constraints method is also referred to as the drum-buffer-rope method
Indicate whether the statement is true or false