Which of the following statements about long-term care insurance is (are) true? I. Long-term care insurance is inexpensive, especially if purchased at older ages. II. Purchasers have a choice of daily benefits and benefit periods

A) I only
B) II only
C) both I and II
D) neither I nor II


Answer: B

Business

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John, a sales rep of a pharmaceutical company, begins to fill out the order form as Mathew, a medical practitioner at St. Gregory's Medical Center, answers questions about the stock of medicines in the hospital. Which of the following traditional closing methods is being used by John in this scenario?

A. The standing-room-only close B. The emotional close C. The minor-point close D. The assumptive close E. The benefit-in-reserve close

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The payback method typically assumes that all cash inflows are reinvested to yield a return equal to

a. the discount rate. b. the hurdle rate. c. the internal rate of return. d. zero.

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Although public relations advertising can be used by an organization to effectively build an image, it should not be used to convey messages about mergers and diversification

Indicate whether the statement is true or false

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Consideration is the inducement to make a promise enforceable

a. True b. False Indicate whether the statement is true or false

Business