Collection and Analysis of Information Used to Assist Managers in Making

question 85

Multiple Choice

Collection and analysis of information used to assist managers in making informed decisions is known as ________.

• A)social stratification
• B)market research
• C)organizational identification
• D)entrepreneurship

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Definitions:

Irrevocable Living Trust

A legal arrangement where a grantor places assets into a trust, relinquishing control over them, and the assets are managed by a trustee for the benefit of the trust's beneficiaries. Once established, it cannot be amended or dissolved.

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.