If Mary Is Not Sure Her Primary Beneficiary Will Survive

question 41

Multiple Choice

If Mary is not sure her primary beneficiary will survive her,she should

• A)name a contingent beneficiary.
• B)name joint beneficiaries.
• C)change her beneficiary.
• D)name her estate as beneficiary.

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Definitions:

Machine Breakdown

A failure or malfunction of machinery which leads to production halting and potential delays in operations.

Budgeted Output

The anticipated quantity of goods or services a company plans to produce in a specified period, usually tied to budgeting and planning processes.

Standard Cost

A predetermined or estimated cost of producing a product or service, used as a benchmark for measuring actual production costs.

Actual Production

The real quantity of products manufactured during a specific period, as opposed to planned or projected production.