It Would Not Make Economic Sense for a University to Accept

question 5

Multiple Choice

It would not make economic sense for a university to accept a split-interest agreement in which a fixed annuity is payable to the donor if:

• A) The donor has attached conditions to the gift.
• B) The university has no immediate need for the assets.
• C) The sum of future annuity payments plus interest thereon exceeds the fair market value of the assets.
• D) The present value of the future annuity payments and other liabilities exceed the fair market value of the assets.

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Definitions:

Service Order

Also called a repair order (RO). This is a legal contract between the customer and the shop regarding the services to be performed. It contains pertinent customer information, vehicle information, and a record of services and repairs.

Entry-Level Technician

A beginning technician capable of making simple vehicle repairs, whose typical assignments include basic inspections and maintenance services.

Accredits Automotive

The process by which automotive programs and schools are certified as meeting certain educational and training standards.

Parts Person

A specialist responsible for managing and distributing vehicle parts and accessories in an automotive setting.