Which of the following statements is true regarding return of premium term insurance?
A) The insurance is free because premiums are refunded at the end of the coverage period.
B) Life insurers charge less for this coverage than for regular term insurance that does not include a refund provision.
C) The return of premium is only offered on one-year term insurance policies.
D) The coverage is expensive and is not free when time value of money is considered.
Answer: D
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The invention of a machine to make plastic corks for wine bottles has severely affected companies that produce traditional cork. This is an example of a(n) ______ force for change.
A. market B. social and political C. demographic D. technological E. economic
Which of the following functions allows you to generate forecasts?
a) TREND b) FORECAST c) GROWTH d) LOGEST e) All of the above
Selling and administrative expenses are billed and paid the month after they occur. Selling and administrative expenses have both a fixed and a variable component. The fixed component is a constant $8,000 a month. The variable component equals 5 percent of revenues. Given revenues of $300,000 for January, $350,000 for February, and $400,000 for March, what would be the budgeted selling and
administrative expenses that would be paid in March? a. $8,000 b. $16,500 c. $25,500 d. $23,000
Of the following presidents, who is most closely associated with the Consumer Bill of Rights?
A) Ronald Reagan B) Jimmy Carter C) John F. Kennedy D) George W. Bush E) Bill Clinton