Your Will Must Be Signed by

question 6

Multiple Choice

Your will must be signed by

• A) The lawyer who prepares it.
• B) You in front of two witnesses.
• C) Three unbiased witnesses.
• D) One beneficiary.
• E) All of these.

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Definitions:

Outlay

The amount of money spent on a particular item or service, serving as expenses in financial transactions or projects.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between options.

Capital

Economic resources that are used to create goods and services, such as buildings, machinery, and equipment.

Accounting Profit

Total revenue minus total explicit cost