Which of the Following Would Keep You from Being an Executor

question 108

Multiple Choice

Which of the following would keep you from being an executor of a will?

• A)having been convicted of a felony
• B)being over 70 years of age
• C)being married
• D)being a coworker of the deceased
• E)being a child of the deceased

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Definitions:

Contribution Margin Ratio

A financial metric that shows the percentage of sales revenue remaining after variable costs are subtracted, indicating how efficiently a company can produce and sell products.

Break-even Point

A point where total cost and total revenue are equal, indicating no profit or loss and where production or sales start becoming profitable.

Fixed Expenses

Overheads such as rent, employee salaries, and insurance that do not fluctuate with changes in sales or manufacturing volumes.

Contribution Margin Per Unit

The selling price per unit minus the variable cost per unit, indicating how much contributes to covering fixed costs and profit.