What Is a Codicil

question 26

Multiple Choice

What is a codicil?

• A) a type of will that cannot be amended once created
• B) a separate document that must be executed to amend a will
• C) a will that has been attested by the beneficiary of the will
• D) a duplicate of a will that is used in case the original is destroyed

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Definitions:

Cost-Based Advantages

Competitive benefits derived from being able to operate at a lower cost compared to competitors, allowing for better pricing strategies or profit margins.

Activities

Tasks or actions that are carried out as part of a process or to achieve an objective.

Organic Organization

A flexible, adaptable organizational structure with less emphasis on hierarchy and more on decentralized decision making and collaboration.

Mechanistic Organization

A highly structured and hierarchical type of organization characterized by clear roles, rigid chains of command, and a focus on efficiency and predictability.