When there are no living descendants or ascendants, the balance passes to the decedent's:

a. pretermitted child
b. half-blood relatives
c. kindred
d. collateral relatives

Answer: d. collateral relatives

Business

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The nominal interest rate of a loan is:

A. the maximum rate that may be charged by law B. the rate the borrower will actually pay, reflecting the total finance charge C. the amount of projected interest on an annualized rate D. the interest rate stated on the promissory note

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Which of the following should promotion focus on during the introductory phase of a product's

life cycle? A) emphasizing differentiation of the organization's product or service compared to those of competitors B) gauging the impact of competitors in the market C) targeting the late majority type of customer D) building awareness for the product, and developing a market for it

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