MATCHING: -A Court Order Appointing an Administrator of an Estate When

question 24

Multiple Choice

MATCHING:
-A court order appointing an administrator of an estate when the decedent died intestate

• A)special administrator
• B)administrator cum testamento annexo
• C)administrator de bonis non
• D)public administrator
• E)ancillary administrator
• F)Letters Testamentary
• G)Letters of Administration
• H)surety bond
• I)Decree of Distribution
• J)final account
• K)disclaimer

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Definitions:

Marginal Revenue

The additional income gained from selling one more unit of a product.

Marginal Cost

The cost added by producing one additional unit of a product or service, which is crucial for decision-making in production and pricing.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Average Revenue

Total revenue divided by the number of units sold, indicating the average income per unit of output.