According to ISM, _____ Is a Framework of Measurable Corporate

question 86

Multiple Choice

According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization, and the community.

• A)supply chain risk management
• B)sustainability
• C)ISO 9000:2008
• D)social responsibility
• E)supplier development

Recognize different types of trusts and their purposes, including express, spendthrift, and resulting trusts.

Analyze the implications of specific bequests in wills and the responsibilities of beneficiaries and estates.

Understand the legal requirements and effects of health care directives on medical decision-making.

Clarify the distinction between inter vivos gifts and trust creation, including requisite formalities.

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Definitions:

NPV

Net Present Value; a calculation that compares the present value of cash inflows to the present value of cash outflows over a period of time.

Break-Even Level

The point at which total costs and total revenue are equal, resulting in no net loss or gain, and the point at which a business, product, or service becomes profitable.

Net Present Value

A calculation used to determine the present value of a series of future cash flows by discounting them at a specific rate.

Initial Cash Outlay

The initial amount of money spent to make an investment or start a project, not counting ongoing expenses.