Examlex
State whether each of the following is a short-run or long-run adjustment
a)A firm hires two more workers
b)A firm builds a new plant
c)A pizza parlor decides to add more pepperoni on their signature pizza.
d)A restaurant expands its kitchen
Inter Vivos
A transaction between living persons.
Causa Mortis
A legal term referring to the transfer of property made by an individual in anticipation of imminent death.
Per Stirpes
A legal term referring to the equal distribution of an estate to heirs according to their deceased ancestor's share.
Totten Trust
A form of revocable trust created during the trustee's lifetime where the funds in a bank account are payable on the trustee's death to a named beneficiary.
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