In Order for a Will to Be Valid, It Must

question 2

Multiple Choice

In order for a will to be valid, it must:

• A)Include the date of death
• B)Be signed only by witnesses
• C)Be witnessed by no fewer than five people
• D)Be written or typed with a typewriter or word processor

Identify sentence structures and formats that enhance the positive impact of business messages.

Acknowledge the role of conversational language in building goodwill in business communication.

Know techniques to enhance courtesy in business messages.

Understand the principle and application of de-emphasizing less important information in business communication.

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Definitions:

Perfectly Competitive Firm

A firm that operates in a market where there are many buyers and sellers, no barriers to entry or exit, and all firms sell identical products.

Natural Monopolies

A type of monopoly that arises due to high infrastructure costs and other barriers to entry which make it inefficient for more than one provider to operate (e.g., water supply).

Single Producer

Represents a monopoly scenario where only one entity is responsible for the production and sale of a particular good or service.

Market Power

The ability of a company to manipulate the price of goods or services in the market to its advantage.