Per Stirpes Means That the Inheritances for His or Her

question 23

Multiple Choice

Per stirpes means that the inheritances for his or her children will go to them in what ratio?

• A)Equally
• B)Oldest gets 100%
• C)Oldest gets 50% and the rest shared equally
• D)Oldest gets the most based on a weighted average model set out in legislation
• E)Based on the children's ages

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Definitions:

Team Production

A production process in which employees work together under the supervision of the owner or the owner’s representative.

Contracting Out

The practice of hiring external organizations or individuals to perform services or create goods that were previously done in-house.

Principal Agent Problem

A dilemma in economics and organizational theory where one party (the agent) is supposed to act in the best interest of another party (the principal) but might act in their own interest instead.

Shirking

Working at less than the expected rate of productivity, which reduces output. Shirking is more likely when workers are not monitored, so that the cost of lower output falls on others.