An Ethical Will Is

question 94

Multiple Choice

An ethical will is

• A)not a legally binding document, however it can help with estate planning.
• B)also called a holographic will.
• C)part of a formal will.
• D)also called an intestate will.
• E)a legally binding document.

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Definitions:

Empirical Measure

A method or metric based on observation and experience rather than theory or pure logic.

Bottom-Up Planning

A planning approach where strategies and goals are defined at lower levels of the organization before being aggregated to define overall corporate strategies.

Top-Down Planning

Business planning based on a set of goals forced on the organization by senior management. Top-down planning has a tendency to lead to excessively optimistic plans.

Conservative

An investment strategy or approach that prioritizes preservation of capital and moderate growth, typically with lower risk.