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Barbara's Parents Take Out a Life Insurance Policy Naming Barbara

question 7

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Barbara's parents take out a life insurance policy naming Barbara as the beneficiary. Barbara would be a[n] ________ beneficiary.


Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations.

Budget

Company’s plan for how it will raise and spend money during a given period of time.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company at using its assets to generate revenue or sales.

Return On Equity

A financial ratio that measures the amount of net income returned as a percentage of shareholders' equity, indicating the profitability of a company relative to owner's investments.

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