Identify four ways a trust can be terminated
A trust ends: (a) on the date indicated by the grantor; (b) if the trust is revocable, when the grantor revokes it, or if the trust is irrevocable and the grantor and all the beneficiaries agree to revoke it or if the grantor is dead; (c) when the purpose of the trust has been fulfilled; or (d) the Rule Against Perpetuities comes into effect. The Rule Against Perpetuities provides that a trust must end within 21 years of the death of some named person who is alive when the trust is created. However, nearly half of the states now permit dynasty or perpetual trusts that last forever.
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High product differentiation is generally accompanied by
A. higher market share. B. decreased emphasis on competition based on price. C. significant economies of scale. D. higher profit margins and lower costs.
Waste created by a production process is
a. accounted for in the same manner as defective units. b. accounted for as an abnormal loss. c. material that can be sold as an irregular product. d. discarded rather than sold.
The concept of strategic choice – meaning managers in positions of control make strategic decisions which effect the configuration of the organization – was developed by ____________.
a. Henry Mintzberg b. The Aston researchers c. Howard Aldrich d. John Child
An attorney hires a private investigator to question all eyewitnesses to a traffic accident. She decides not to engage in legal research until she sees the private investigator's report. Based on this scenario, the attorney is ________
A) gathering facts B) researching the relevant rules of law C) crafting a legal analogy D) reasoning to the final conclusion