Which of the following statements is CORRECT?
A. If some cash flows occur at the beginning of the periods while others occur at the ends, then we have what the textbook defines as a variableannuity.
B. The cash flows for an ordinary (or deferred) annuity all occur at the beginning of the periods.
C. If a series of unequal cash flows occurs at regular intervals, such as once a year, then the series is by definition an annuity.
D. The cash flows for an annuity due must all occur at the ends of the periods.
E. The cash flows for an annuity must all be equal, and they must occur at regular intervals, such as once a year or once a month.
Answer: E
You might also like to view...
A negative comparison ad that causes people to dislike the sponsor brand may be due to:
A) the preemptive claim of superiority B) a generic demonstration of product quality C) spontaneous trait transference D) internal cognitive consistency
A buyer has a retail store in Florida and the seller is a manufacturer in California. If the buyer orders goods from the seller and the goods are shipped "FOB Florida," which of the following statements is true?
A. The buyer bears the risk of loss as he is responsible for taking possession of the goods. B. The seller bears the expense and risk of delivering the goods to Florida. C. Neither the seller nor the buyer bears the risk of delivering the goods as the goods are insured. D. The seller is allowed to charge a nominal fee for delivering the goods.
If an organization develops corporate goals to acquire new businesses, the task would be part of the organization’s planning function.
Answer the following statement true (T) or false (F)
One approach to using culture to understand international negotiation recognizes that all cultures contain dimensions or tensions sometimes best illustrated in parables such as "too many cooks spoil the broth" and "two heads are better than one." This best describes which of the following approach options?
A. culture as dialectic B. culture in context C. culture as shared values D. culture as learned behavior