Examlex
Which of the following statements about causes of variation are true?
I. Assignable variation is random in nature and cannot be eliminated or reduced.
II. Chance variation cannot be completely eliminated unless there are significant methods,techniques,or equipment used in the process.
III. Chance variation usually cannot be corrected,while assignable variation is correctable.
Escheats
The process by which unclaimed or abandoned property reverts back to the state.
Surviving Relatives
Family members who remain alive after an individual has passed away, often considered in legal contexts for inheritance or benefits.
Executor
The individual appointed to administer the estate of a deceased person in accordance with their will.
Testamentary Trust
A legal mechanism specified in a will that comes into effect upon the death of the individual, and dictates how their assets are allocated.
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