If your financial plan objective is to provide your family with the most insurance benefit in the event of your untimely death, you should purchase
A) decreasing-term insurance.
B) term insurance.
C) universal life insurance.
D) whole life insurance.
Answer: B
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Sunshine Cell Phone Company offers to buy a laser printer, with a case of paper and an extra cartridge, from Office Products, Inc. (OPI), for $200. Paul, OPI's representative, says, "Okay, but no paper and no extra cartridge." Paul has
A. accepted the offer. B. made a counteroffer without rejecting the offer. C. rejected the offer and made a counteroffer. D. rejected the offer without making a counteroffer.
In general, an acceptance occurs when: A)a particular form of words is stated to the offeror.? B) a particular mode of expression is made to the offeror
C) the offeree reserves the right to reject the offer. D) a clear expression of the offeree's agreement to be bound by the terms of the offer occurs.
Your personal health insurance policy provides the following coverage:
For all covered medical bills, you must pay a $100 annual aggregate deductible. After meeting that deductible, you must share in all additional expenses on a 90/10 basis. In any one year, your out-of-pocket maximum expenditure will not exceed $1,000. In 2009 you fall and crack your skull. The covered medical bills you incur total $7,100. How much will you have to pay for this loss, and how much will the insurer pay? A) You pay $100, your insurer pays $7,000. B) You pay $800, your insurer pays $7,000. C) You pay $800, your insurer pays $6,300. D) You pay $1,000, your insurer pays $6,100.