All of the Following Are Correct Statements Concerning Wills, Except

question 27

Multiple Choice

All of the following are correct statements concerning wills, except: __________.

• A) Attestation is the act of witnessing the execution of a will.
• B) Most states require two (2) witnesses to the execution of the will.
• C) A will must be dated.
• D) Self-proved wills are wills that carry a presumption that they are valid if executed according to the requirements set forth by statute.

---

Definitions:

Average Costs

The total cost of production divided by the quantity produced, often used to evaluate production efficiency.

Fixed Costs

Costs that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance premiums.

Marginal Costs

Marginal costs represent the change in total production cost that arises when the quantity produced is incremented by one unit, essentially the cost of producing one additional unit of a good.

Marginal Productivity

Marginal productivity is the additional output that is produced by using one more unit of a certain input, assuming that all other inputs remain constant.