Herbert Dix picked up a booklet at his attorney's office that described estate planning. All of the following were included as primary objectives of estate planning except
A) distribute property according to your wishes and provide for your dependents.
B) develop a plan that will minimize estate and inheritance taxes.
C) develop a plan that minimizes settlement costs, including legal and accounting fees.
D) utilize a living will to describe your choices in a terminal situation and a health care proxy to identify those to whom you relinquish health care decision-making authority in the event of physical or mental impairment.
E) estate planning involves all of the above objectives.
Answer: E
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The opportunity to alter production technology gives managers:
A) the ability to expand product lines. B) the opportunity to expand production. C) the flexibility to adapt to changing situations. D) increased cash flow from operations.
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Indicate whether the statement is true or false.