When an Administrator Does Not Fully Perform the Task of Settling

question 16

True/False

When an administrator does not fully perform the task of settling an intestate estate, a new person appointed to complete the task is called an administrator de bonis non cum testamento annexo.

---

Definitions:

Fixed Costs

Expenses such as rent, salaries, and insurance that remain constant regardless of the amount of production or sales.

Variable Cost

A cost that varies with the level of output or production volume.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Depreciation

The allocation of the cost of an asset over its useful life, reflecting the reduction in value owing to wear and tear, age, or obsolescence.