Which of the Following Involves a Creditor Beneficiary Relationship

question 12

Multiple Choice

Which of the following involves a creditor beneficiary relationship?

• A) A contract where the insured names a bank with which he has a loan as the beneficiary of a life insurance policy
• B) A contract between an employer and a union representing the employees,which contract is made for the benefit of the employees
• C) A contract between the owner of a building and the contractor stating that the contractor will pay his employees at a stated rate
• D) A contract between a governmental unit and business for services to be rendered to area citizens

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Definitions:

Population Means

The average value of all data points within a population, a key parameter in many statistical analyses.

Alternative Hypothesis

A hypothesis that suggests there is a difference, effect, or relationship for the general population; it contrasts with the null hypothesis.

MST Degrees of Freedom

Represents the number of independent values or quantities which can be assigned to a statistical distribution minus the number of population parameters estimated simultaneously.

MSE Degrees of Freedom

The number of independent values or quantities that can vary in the calculation of the mean squared error (MSE).