A Person with an Interest in a Will,such as That

question 44

Multiple Choice

A person with an interest in a will,such as that of a potential beneficiary is said to have _____.

• A) Standing
• B) Vesting
• C) Heirship
• D) Acknowledgement
• E) Consideration

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Definitions:

Line Structures

The most straightforward organizational structure, comprising direct lines of authority from the top manager to subordinate employees.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Line Structure

The simplest organizational structure, in which direct lines of authority extend from the top manager to the lowest level of the organization.