The Primary Purpose of a Preferential Share Is to

question 67

Multiple Choice

The primary purpose of a preferential share is to

• A)give each former spouse a share of the assets in the case of multiple marriages.
• B)provide for the appropriate distribution of matrimonial property.
• C)ensure dependents are looked after.
• D)divide assets fairly between the spouse and progeny.

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Definitions:

Strategic Decisions

Choices made by an organization's management that have long-term implications and are crucial for achieving overarching goals.

Succession Planning

The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away.

Self-awareness

The ability to reflect on and accurately assess one's own behaviors, attitudes, and impacts on others.

Psychological Growth

The process of developing greater insight, understanding, and emotional capacity as a person.