A Codicil Must Be ________

question 59

Multiple Choice

A codicil must be ________.

• A) executed before the will has been created
• B) read as a separate instrument from the will
• C) inclusive of a reference to the will it is amending
• D) amended in the presence of the same witnesses who signed the will

---

Definitions:

Benchmarking

The process of measuring a company’s performance, practices, or products against those of leading competitors or industry standards to identify areas for improvement.

Understanding Customer Needs

The process of identifying and analyzing the desires, problems, and requirements of a business's target audience to create more effective products or services.

Intensive Distribution Strategy

A strategy in which a company stocks its products in as many outlets as possible to maximize reach and availability to customers.

Convenience Products

Goods that are readily available and easy for consumers to buy, often characterized by frequent purchase with minimal effort and comparison.