Your Will Would Appoint A(n)____ to Carry Out the Terms

question 161

Multiple Choice

Your will would appoint a(n) ____ to carry out the terms of the will.

• A)family attorney
• B)executor
• C)tax accountant
• D)life insurance beneficiary
• E)administrator

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Definitions:

Credit Policies

Guidelines set by businesses to determine the terms and conditions for extending credit to customers.

Working Capital Policy

A strategy relating to managing a firm's short-term assets and liabilities with the objective of maintaining sufficient liquidity to carry out operations smoothly.

Top Management

The highest level of managers and executives who have the day-to-day responsibilities of managing a company or corporation, making strategic decisions.

Financing Nature

The characteristic manner or method in which a company prefers to finance its operations, typically equity, debt, or a hybrid.