You Have Just Presented a Difficult Proposal to a Board

question 23

Multiple Choice

You have just presented a difficult proposal to a board of superiors at work.A senior executive who doesn't like you very much asks, "So why should we listen to you? You've only been here two years." Which of the following is the BEST response?

• A)"You've been here fifteen years, and you don't know how to handle this thing."
• B)"I'm sorry you feel I am inexperienced.Compared to you, I suppose I am."
• C)"Are you hassling me because you don't like the proposal or because you like to hassle me?"
• D)"You're asking how reliable our research is on this project.We tested six scenarios."

Identify the legal implications of trustees' actions and state statutes on trust investment.

Explain the options available for individuals to manage their end-of-life care preferences.

Understand the legal consequences of asset distribution in joint tenancy, life insurance, and gifts upon death.

Grasp the process of creating a trust and the roles of grantors, settlors, and trustees.

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Definitions:

Carrying Value

Carrying value, also known as book value, is the value of an asset as reflected in an entity's accounting records, minus any depreciation, amortization, or impairment costs.

Bond Payable

A form of long-term debt issued by corporations, governments, or other entities to investors with a promise to pay a specified sum of money at a future date.

Par Value

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.

Semiannually

Occurring twice a year, typically every six months, often used in the context of payments, evaluations, or reporting.