A principal function of annuities is to

A) reduce income taxes
B) liquidate an estate
C) provide for surviving dependents
D) create an estate

Ans: B) liquidate an estate

Business

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Match the ERM Objective with the appropriate definition

A) These objectives relate to the reliability of the enterprise's reporting, both internal and external. B) These objectives relate to the effective and efficient use of the entity's resources. C) These objectives relate to goals that support the entity's mission. D) These objectives relate to the entity's compliance with all applicable laws and regulations. 1) Strategic objectives 2) Operational objectives 3) Reporting objectives 4) Compliance objectives

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Amanda Tucker, a black female, applied for a sales position in Ames Department Stores in Seattle. After completing her application, she was asked to take a math test and a general aptitude test. Amanda was not hired and later learned that Ames only administers the math and aptitude tests to minority applicants. Ames says that its experience demonstrates that minority candidates do not work out

well as sales clerks unless they have a minimum score on these tests. Which of the following statements is true? A) Ames' testing policy is a violation of Title VII. B) Ames' testing policy is valid so long as it can substantiate the statements about the validity of the tests. C) Ames' testing policy is valid so long as the test is consistently given to minority applicants. D) None of the above

Business