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Benefit Cost Ratio |
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Benefit Cost Ratio A ratio representing the benefits of a project or investment compared to its cost. The BCR may be a strictly financial ratio, comparing the expected return to the cost of investment, or it may account for approximations of qualitative measurements. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The increase was primarily due to higher net investment income offset in part by a higher overall benefit cost ratio. 2 million in the second quarter of 2004, reflecting higher revenue from increased membership and an improved overall benefit cost ratio, offset in part by lower net investment income and higher operating expenses associated with new business initiatives. Operating earnings were higher than the fourth quarter of 2003, due primarily to higher revenue and an overall lower benefit cost ratio. |
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