A Person Appointed in a Will to Serve as a Personal

question 22

Multiple Choice

A person appointed in a will to serve as a personal representative upon the death of the person who executed the will is called a(n)

• A) administrator.
• B) probater.
• C) executor.
• D) testator.

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Definitions:

Clientele Effect

This concept suggests that changes in a company’s dividend policy can attract different types of investors, based on their preferences for dividend payouts.

Dividend Yield

A fiscal ratio indicating the annual dividends a company dispenses in relation to its stock price.

Tax Effects

The impact of tax laws on the financial performance of a company or the net income of an individual, including deductions, exemptions, and liabilities.

Stock Splits

An initiative taken by a company to multiply its current shares into more shares to augment the ease of trading those shares.