The Person Who Makes the Will Is Called The

question 20

Multiple Choice

The person who makes the will is called the:

• A)Testator.
• B)Testatrix.
• C)Both of the above.
• D)None of the above.

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choice.

Ticket Price

The cost charged for admission to an event or access to a service.

Value Of Time

The economic worth assigned to time, reflecting what is foregone in engaging in a particular activity versus alternative uses.

Scarce Resources

Economic concept describing materials or services in limited availability relative to desired uses, necessitating allocation.