A(n) ____ Cannot Be Changed or Ended

question 51

Multiple Choice

A(n) ____ cannot be changed or ended.

• A) irrevocable trust
• B) living will
• C) power of attorney
• D) revocable trust
• E) will

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Definitions:

Return On Investment

A gauge of an investment's profit, expressed as the return percentage in comparison to the cost of the investment.

Residual Income

Residual income is the profit remaining after deducting all required costs of capital from operating income.

Margin

Typically refers to the difference between the selling price of a product and its cost, used to measure profitability.

Turnover

The rate at which inventory or assets are sold and replaced or the rate at which employees are replaced in a business.