Greta purchased a long-term care policy. Under a typical policy, Greta's eligibility for benefits may be triggered by
A) how long premiums have been paid.
B) inability to perform activities of daily living.
C) continuous hospitalization for at least 60 days.
D) eligibility for Medicare benefits.
Answer: B
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Retained earnings are
a. a source of financing for assets. b. cash. c. other non-cash assets. d. the sum of a firm's dividend declarations. e. the source of net assets generated by the earnings process.
Why would a growth mindset contribute to a person’s grit?
a. Both are a way to measure intelligence. b. A desire to learn will help overcome failure and allow the person to persevere. c. People with a growth mindset need to make things perfect. d. People with grit will keep doing the same thing repeatedly.
Which of the following statements about the various kinds of risk is true?
A. Interest rate risk and inflation risk are diversifiable risks. B. Economic risk and political risk are systematic risks. C. Business risk and exchange rate risk are firm-specific risks. D. Financial risk and default risk are market risks. E. Default risk and economic risk are relevant risks.
In cultures where a religious view of work still prevails, work is viewed as a necessary evil and is expressed in a moral commitment to the job or quality of effort.
Answer the following statement true (T) or false (F)