All of the following statements about long-term care insurance are true EXCEPT
A) Premiums can be reduced by electing shorter elimination periods.
B) A common benefits trigger is the inability to perform a certain number of activities of daily living.
C) Protection against inflation is usually made available as an optional benefit.
D) Policies currently sold are guaranteed renewable.
Answer: A
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Product-focused organizational structure is not suited for:
A) business-to-business products. B) retail products. C) consumer durables. D) internationally focused products.
The accumulated benefit obligation (ABO) is equal to the
A) actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using current salary levels in the pension plan formula. B) actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using anticipated future salary levels in the pension plan formula. C) difference between the annual pension expense and the amount actually funded during the year. D) actuarial present value of benefits attributed by the pension plan formula to services rendered by employees during the current year.
Which type of messages will help to enhance networking skills?
A) FYI B) Thank-you C) Sympathy D) Implicit E) Persuasive
That the business would allocate the gains from doing business to a wide array of stakeholders speaks to the need for ___________ in the sustainability context.
Fill in the blank(s) with the appropriate word(s).