Describe the two methods used to determine the amount of life insurance needed
What will be an ideal response?
Answer: The income method determines how much life insurance is needed based on the policyholder's annual income. The budget method determines how much insurance is needed based on the household's future expected expenses.
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Capital leases are economically similar to purchasing assets with funds obtained from issuing long-term bonds and result in similar accounting
Indicate whether the statement is true or false
If the CI/RI ratio is more than ________, then there are probably serious inconsistencies in the AHP results
Fill in the blank with correct word.
What is the problem with using the original LTV to assess the likelihood that a seasoned mortgage will default?
What will be an ideal response?
A type of successor who is interested in efficiency, internal control, and effective use of resources would be considered a(n) _____ successor.
a. managerial b. entrepreneurial c. opportunistic d. family