Saving for the Purpose of Leaving an Inheritance Is Called

question 228

Multiple Choice

Saving for the purpose of leaving an inheritance is called ________ saving.

• A) public
• B) national
• C) precautionary
• D) life-cycle
• E) bequest

Recognize and avoid outdated phrases in business messages.

Implement a conversational tone in most business messages.

Understand the structure of sentences (simple, compound, complex, compound-complex) and their appropriateness in business communication.

Choose the best words for clarity and impact in business writing.

---

Definitions:

Cumulative Preferred Stock

A type of preferred stock that has a feature where missed dividend payments accumulate and must be paid out before dividends can be issued to other stock types.

Outstanding Shares

Represents the total shares of a corporation’s stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Stock Dividend

A dividend payment made to shareholders in the form of additional shares rather than cash.

Market Value

The contemporary rate at which a marketplace allows the purchase or sale of an asset or service.