Which of the Following Is an Example of the Bequest

question 112

Multiple Choice

Which of the following is an example of the bequest motive for saving?

• A)Pat puts $400 per month in his 401(k)retirement account.
• B)Jordan sets aside $200 per month in case she has to pay for a new roof for her house.
• C)Gerry and Terry put $2,000,000 in a trust fund that will go to their children when they die.
• D)Chris keeps $15,000 in a money market account to pay expenses in case he loses his job.

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Definitions:

Successful Products

Items or services that meet or exceed the market expectations, achieving high sales, customer satisfaction, and profitability.

Production Process

The sequence of operations or stages involved in the manufacture of a product, from raw materials to the final product.

Product Life Cycle

The stages a product goes through from introduction to growth, maturity, and decline in the market.

Quality Function Deployment

A systematic approach used to incorporate customer requirements into every phase of product development and production.