Which of the following statements about the Linton yield is (are) true?
I. It is based on the assumption that a cash-value policy can be viewed as a combination of insurance protection and a savings fund.
II. It is the average compound annual rate of return required to make the savings deposits in a life insurance policy equal to the policy's guaranteed cash value at the end of a specified period.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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Which of the following correctly pairs a product with the stage in its life cycle?
A. checkbooks: growth B. credit cards: maturity C. 3-D televisions: obsolescence D. smart cards: decline
A survey of purchasing agents shows that professional buyers believe it is important for salespeople to do all of the following EXCEPT:
A. use high-pressure sales tactics. B. willingness to go to bat for the buyer within supplier's firm. C. preparation for sales calls. D. diplomacy in dealing operating departments. E. follow up after the sale.
Amethyst Company paid off a $100,000 two-year note payable. The effect of this transaction is that the:
A) current ratio decreased. B) earnings per share increased. C) working capital increased. D) debt to equity ratio increased.
All of the following are countries that tolerate having their nationals give bribes in other countries and also allow the bribes to be written off as business expenses on the firm’s tax statements except
a. France b. Germany c. Japan d. United States