What factors should be considered when selecting a life insurance policy?
What will be an ideal response?
Answer: Select an agent who will work for you; that is, meet your needs, not his or hers. Choose a company that is highly rated by one of the independent rating firms such as A.M. Best. Be sure to compare costs and choose a policy with a low cost index. Carefully select the amount of life insurance needed, the type of policy, and the method of premium payments.
Make sure the beneficiary designation is correct. Choose between using an advisor (agent) or buying direct from a company.
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Which of the following statements is false?
a. Purchase of equipment is an investing cash outflow. b. Sale of equipment creates investing cash outflow equal to its selling price. c. Purchase of short-term investments is an investing cash outflow. d. Purchase of a patent is an investing cash outflow.
Rising costs and inflation are part of the uncontrollable ________ environment.
A. economic B. legal C. technological D. competitive E. social
The evidence of the phenomenon of home bias seems to be ________
A) true for most developing countries B) true for most developed countries C) true for most countries in the world D) untrue for the developed countries
Table files are used to update master files
Indicate whether the statement is true or false