A Demonstrative Legacy Is a

question 60

Multiple Choice

A demonstrative legacy is a

• A) Gift of personal property that is directly identified.
• B) Cash gift from a particular source.
• C) Gift of estate property that remains after carrying out the other provisions of the will.
• D) Gift of real property.
• E) Gift of intangible property.

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Definitions:

Organizational Improvement

The process of making changes within an organization to increase its efficiency, effectiveness, or both, aiming at better fulfillment of its goals.

Life Cycle Arc

A concept that illustrates the progression of phases that an entity, such as a product, project, or service, goes through from its inception to its completion or termination.

Operating Fund

Refers to the pool of resources available for the day-to-day functioning of an organization, covering expenses such as salaries, rent, and utilities.

Strategic Plans

Long-term planning documents that articulate an organization's goals, strategies for achieving those goals, and measures for assessing progress.