Juan names his sister, Silvia, as the beneficiary of his $250,000 life insurance policy. At Juan's death, if Silvia chooses to have the proceeds paid over time, rather than in a lump sum,
A) none of the proceeds will be taxable as long as Silvia rolls them into a permanent life insurance policy
B) the original death benefit is taxable and the interest is tax-free
C) the original death benefit is not taxable; however, interest earned is taxable as ordinary income to Silvia
D) the entire death benefit will be taxed
Ans: C) the original death benefit is not taxable; however, interest earned is taxable as ordinary income to Silvia
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Command-and-control regulation:
a) gives polluters financial motives to control pollution. b) does not grant abatements. c) helps determine the value of statistical life. d) can increase costs without commensurate increases in benefits.
Which of the following statements is most likely accurate concerning the thinking-feeling dimension of the Myers-Briggs Type Indicator (MBTI) test?
A. Feeling leaders tend to be curious, spontaneous, and flexible. B. Thinking leaders like to analyze, criticize, and approach decisions impersonally and objectively. C. Thinking leaders tend to get nervous before decisions are made and want to see only minimal data before making decisions. D. Feeling leaders dislike agendas, do not mind going off on tangents, and will revisit earlier decisions if new information arises.