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3 years ago

Which clause protects proceeds from creditors of the beneficiary?

1 answer:

8 0

The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also, it prevents the beneficiary's reckless spending of benefits.

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Strategies developed at the departmental level, such as the accounting, human resources, production, and marketing departments,

mrs_skeptik [129]

Answer:

D. Functional Strategies

Explanation:

Functional Level Strategy is the strategy which is formulated in other assist in the execution of corporate and business level strategies. These strategies are formulated based on the guidelines given by the top level management.

The functional level management is concerned with tactical decision making i.e making decisions in the operational level of the organisation department which might include production, marketing, finance, human resource, research and development etc.

The functional level strategy is a day to day strategy that assist in achieving the broad aim of the organisation

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4 years ago

Cierra, Inc. manufactures computer chips. Currently, the costs per unit are as follows: Direct materials $ 1.00 Direct labor 10.

Soloha48 [4]

Answer:

It is more convenient to make the component.

Explanation:

Giving the following information:

Direct materials $1.00

Direct labor 10.00

Variable manufacturing overhead 5.00

Total unitary variable cost= $16

Total fixed overhead= 8*10,000= $80,000

Proposal= 10,000 units for $22

If Cierra accepts the proposal, $50,000 of the fixed overhead will be eliminated.

We need to calculate the total cost of both options and determine which one is better.

Make in-house:

Total cost= 10,000*16 + 50,000= $210,000

Buy:

Total cost= 10,000*22= $220,000

It is more convenient to make the component.

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3 years ago

James hires Franco for a painting job. Their contract explicitly states that Franco's employment can be terminated if he is emp

brilliants [131]

Answer: condition subsequent

Explanation: A condition subsequent is an incident or set of circumstances that bring something to a conclusion. A subsequent circumstance is being used as a symbol in a legal sense to put an end of one's constitutional rights or responsibilities.

This generally occurs when someone do anything illegal or unethical in the eyes of law. In the given case, Franco got employed by some other party although he had a contract with James that he cannot do that. Hence we can conclude that the given case depicts condition subsequent.

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3 years ago

Steve went to his favorite hamburger restaurant with $3, expecting to buy a $2 hamburger and a $1 soda. When he arrived, he disc

Tcecarenko [31]

Answer:

The income effect

Explanation:

The income effect refers to an increase in the purchasing power of customers simply because the products or services that they want to buy are cheaper. Since the price of the products or services decreases, the customers are able to purchase a higher quantity of them.

7 0

4 years ago

A code of conduct should be worded in terms of forbidden action rather than acceptable behavior.

Katena32 [7]

<u>Answer:</u>

The statement that says a code of conduct should be worded in terms of forbidden action rather than acceptable behaviour is false.

<u>Explanation:</u>

The judicial acts and laws that prohibit unlawful actions and the code of conduct that provides information about the ideal and acceptable behaviour that are distinct from each other in terms of wording that is used to draft them. A judicial act mentions what is not to be done and a code of conduct mentions what is to be done.

7 0

3 years ago