A High-Level Manager Gathers His Team of Supervisors Together to Create

question 257

Multiple Choice

A high-level manager gathers his team of supervisors together to create a new office policy that will affect all employees at the company.After receiving a verbal nod from the supervisors,he then proceeds to pass around a written form of the new policy and asks all members of the team to initial it.He explains to the supervisors that the new policy will be posted in the break rooms on each floor of corporate headquarters.If you were a part of this work team,which question would you ultimately ask yourself before initialing your approval of this policy?

• A)Is it legal?
• B)Is it balanced?
• C)How will it make me feel about myself?
• D)Is it a lose-lose situation?

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Definitions:

Intervivos Trust

A trust created during the lifetime of the settlor, allowing the settlor to transfer assets before their death for the benefit of designated beneficiaries.

Irrevocable Living Trust

A type of trust where the grantor transfers assets into the trust and relinquishes all rights to revoke or amend the trust, offering benefits for estate planning and asset protection.

Rescind

To revoke, cancel, or annul a contract, agreement, or resolution.

Uniform Simultaneous Death Act

A legal guideline used to determine inheritance when two or more people die at the same time or under conditions where it's impossible to determine who died first.