All of the following statements about ordinary life insurance are true EXCEPT
A) Premiums are level throughout the policy period.
B) The face amount of the policy is paid if the insured lives to age 65.
C) There is a build-up of cash value that can be borrowed by the policyholder.
D) It offers the policyholder the flexibility to meet a wide variety of financial objectives.
Answer: B
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Which of the following is the best definition for marketing?
A) Marketing is an organizational function and a set of business activities designed to make profits. B) Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. C) Marketing is a business function and a process for determining the value customers desire in order to gain profit for business organizations and to seek societal benefits through nonprofit marketing. D) Marketing is finding a hole and filling it while earning profitable dollars. E) Marketing is the result of the equilibrium of supply, demand, marginal cost, and marginal revenue.
As the usefulness of a plant asset expires,
A) an amount is transferred from one asset account to another. B) a related expense account is reduced. C) a liability is created. D) the cost of the asset is allocated to an expense account.
Acme Global is sending Benjamin on an expatriate assignment. Benjamin will receive 60% of his pay in the host country currency and 40% of his pay in his home country currency. It appears Acme Global is using the _________ approach to expatriate compensation.
A. balance sheet B. split-pay C. lump sum D. localization E. equalization
A firm can change its beta through managerial decisions, including capital budgeting and capital structure decisions.
Answer the following statement true (T) or false (F)