MATCHING: -A Duty or Responsibility Required of a Fiduciary, Which Arises

question 11

Multiple Choice

MATCHING:
-A duty or responsibility required of a fiduciary, which arises out of a position of loyalty and trust, to act solely for another person's benefit

• A)testamentary capacity
• B)testator or testatrix
• C)real property
• D)ambulatory
• E)codicil
• F)property guardian
• G)fiduciary duty
• H)legal title of a trust
• I)principal
• J)domiciliary administration

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Definitions:

Variable Costs

Expenses that vary directly with the level of production or service delivery.

Fixed Costs

Fixed outgoings, including rent, salaries, and insurance, that are unaffected by production or sales volumes.

Net Income

The total earnings or profit of an individual or business after deducting expenses and taxes.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.