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:

Account Receivable

Outstanding payments from customers to a company for delivered products or completed services.

Future Money

The concept of valuing funds scheduled to be received or paid out in the future, adjusted for time, inflation, or other financial factors.

Business Activity

Any action undertaken by individuals or companies, such as buying, selling, marketing, or production, aimed at generating income.

Marketing

Marketing encompasses the strategies and tactics companies use to identify, engage, and satisfy customers' needs and wants, thereby generating sales and fostering brand loyalty.