The Acceptable Standards or Expectations That Are Shared by a Group's

question 75

Multiple Choice

The acceptable standards or expectations that are shared by a group's members are referred to as ________.

• A) affiliations
• B) norms
• C) criteria
• D) morals

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Definitions:

Will

A legal document by which a person expresses their wishes as to how their property is to be distributed at death, and names one or more persons to manage the estate.

Trust

A fiduciary relationship in which one party holds property or assets for the benefit of another based on an agreement.

Codicil

An addition or amendment made to a will, which may add to, modify, or revoke portions of the document.

Trusts

Are fiduciary relationships in which one party, known as a trustee, holds property for the benefit of another party, the beneficiary.