If a Company Sells 15 of Product a for Every

question 92

Multiple Choice

If a company sells 15 of Product A for every 4 of Product B that it sells, the sales mix can be stated as

• A)15:4.
• B)15/19 A and 4/19 B.
• C)both "15:4" and "15/19 A and 4/19 B" are correct.
• D)neither "15:4" nor "15/19 A and 4/19 B" is correct.

---

Definitions:

Testamentary Capacity

The legal and mental ability of a person to make or alter a valid will, often requiring understanding of the nature of the will, one's assets, and the identity of beneficiaries.

Orderly Plan of Disposition

An orderly plan of disposition refers to a strategically organized method for selling off a business's assets, often used in liquidation scenarios.

Express Trusts

Express Trusts are trusts created intentionally by the settlor, typically through a written document, specifying how assets placed into the trust should be managed and distributed.

Inter Vivos Trust

A trust created during the lifetime of the grantor, allowing the grantor to transfer assets before death for the benefit of future beneficiaries.