Vanita and Tarun have an estate worth $10 million, most of which is invested in their family business. In order to pay the federal estate tax that will be due at the death of the survivor, their reason for purchasing life insurance would be for

The main reason for extending credit is to

a. match the competition. b. improve cash flow. c. increase sales. d. increase prices.

Which of the following is a valid observation of corporations?

A) A corporation cannot own property of its own. B) All corporations should sell its stock to the public. C) The owners of a corporation are called directors. D) A corporation is distinct from the people running it. E) A corporation must be owned by less than fifty people.