All of the following are limitations of the budget method of estimating life insurance needs, except
A) it does not consider your family circumstances.
B) inflation may cause you to underestimate your needs.
C) someone in your household could experience an unanticipated illness.
D) your income may not rise over time as expected.
Answer: A
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Identify two advantages and two disadvantages of sales force planning
In addition to reduced costs, what are two other common benefits of introducing new technology?
A) Efficiency and reduced labor B) Product variety and improved quality C) Design and logistics D) All are benefits E) None are benefits
The Clarion Company provides a one-year warranty on all merchandise it sells. In Year 1, the company recorded sales of $500,000. It estimated that the warranty costs on these sales would amount to $2,000. In July, Year 2, Clarion paid $250 to satisfy a warranty claim. Indicate whether each of the following statements is true or false._____ a) Clarion's recognition of the warranty obligation at the end of Year 1 reduced total assets and total equity._____ b) Clarion's recognition of the warranty obligation at the end of Year 1 increased Clarion's total liabilities._____ c) The July, Year 2 transaction reduced total assets and net income for Year 2._____ d) The July, Year 2 transaction reduced Clarion's total liabilities._____ e) The recognition of the warranty obligation at the end of
Year 1 did not affect Clarion's revenue for the year. What will be an ideal response?
A legal standard is usually higher than an ethical standard
Indicate whether the statement is true or false