In the case of a life insurance policy on the insured's own life, it is not necessary for the named
beneficiary to have an insurable interest in the insured.
Indicate whether the statement is true or false
TRUE
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What are the techniques that can be used to overcome people's natural resistance to price?
A machine shop layout is what type of layout design?
a. Product-focused b. Production-focused c. Process-focused d. Project-focused
Identify a true statement about pure market economies.
A. They do not allow people the freedom to choose their source of livelihood. B. They do not make sufficient provision for the old, the young, and the sick. C. They create enough value to support the environment. D. They stifle entrepreneurship and creative innovation.
The average cost of developing a new drug and clearing all FDA regulations to get the drug to market are about a billion dollars and are:
a. paid by the FDA only if the drug is approved b. paid by the FDA only if the drug is not approved c. paid by the FDA whether or not the drug is approved d. paid by the National Institute of Health e. none of the other choices