The Person Specified in a Will to Receive a Part

question 76

Multiple Choice

The person specified in a will to receive a part of the estate is called a

• A) beneficiary.
• B) grantor.
• C) trustee.
• D) administrator.

---

Definitions:

Goal Congruence

The alignment of individual objectives with the overall objectives of the organization to ensure that all members are working towards the same targets.

Decentralised Organisation

An organizational structure where decision-making power is distributed throughout various levels and departments rather than being centralized at the top.

Management Change

The process, initiative, or event that involves a significant shift in a company's management structure or strategy.

Business Unit

A segment within a larger organization that operates independently with its own strategy and financial objectives.