In whole life insurance contracts, the ________.
A. loan value developed by the contract enables the insurer to borrow money from the insured
B. rate of the premiums to be paid decreases if the face value increases
C. loan value decreases as the age of the policy increases
D. insurer pays the face value of the policy on the death of the insured
Answer: D
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Land is not depreciated because it
a. appreciates in value. b. does not have an established depreciable life. c. has a useful life that is limited to the period of time a company is in business. d. will provide future benefits for a company for an unlimited period of time.
Which of the following is not a characteristic of the legal environment of business?
A) adherence to autocratic doctrine B) critical thinking skills C) an understanding that the law is dynamic D) real-world problems
Mass customization is ______.
a. the mass production of individually customized products b. the reuse of components discarded from scrapped products c. the redesign of components found to be faulty in earlier versions of a product d. the production of each product by hand for specific customers
John has always loved Citroen cars and so he is delighted when he hears that a Citroen has won Top Gear’s award for car of the year. It takes his friends a long time to convince him that it was actually just ‘new hatchback of the year’ and the overall winner was a Jaguar. John has unintentionally changed the information he heard to match his own beliefs and attitudes. What is the term for that?
a. attitude reinforcement b. selective distortion c. enhanced perception d. selective retention e. selective hearing