​According to the Terms of Donna's Will, Specific Gifts Are

question 28

Multiple Choice

​According to the terms of Donna's will, specific gifts are made, and taxes and other estate expenses and debts are paid. The assets of her estate that remain are

• A) ​the bequest.
• B) ​the devise.
• C) ​the legacy.
• D) ​the residuary.

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Definitions:

Productivity

The measure of the efficiency of production, often quantified as the ratio of output to inputs used in the production process.

Opportunity Costs

The cost of an alternative that must be forgone in order to pursue a certain action; essentially, the benefits you could have received by taking an alternative action.

Produced Goods

Produced goods are items that have been manufactured or processed from raw materials, ready for sale or distribution.

Services

Activities or benefits provided to consumers that do not result in the ownership of a tangible product.