__________ Are the Few Major Things That a Business Must

question 92

Multiple Choice

__________ are the few major things that a business must do well in order to be successful.

• A)Resource opportunities
• B)Core competencies
• C)Competitive advantages
• D)Critical success factors

Understand and apply the concept of interest rate calculation.

Calculate equivalent annual rates of return on investments.

Determine the effective rate of interest for different compounding periods.

Analyze and compare different interest rates to make informed financial decisions.

---

Definitions:

Probate

The legal process by which a will is reviewed to determine whether it is valid and authentic.

Trustee

A person or entity given responsibility to manage property or assets on behalf of others, typically within a trust.

Estate

The collective assets, rights, and interests that a person owns at death, encompassing both real property and personal property.

Trust Instrument

A legal document that creates a trust, specifying the terms, trustees, beneficiaries, and purpose.