With respect to the regulation of variable contracts and those who sell them, which of the following statements is most accurate?
A) Variable contracts and their distribution are regulated exclusively by the Department of Insurance because state regulation supersedes federal regulation.
B) Variable contracts and their distribution are regulated separately (often with conflicting regulatory demands) by the Department of Insurance, the SEC, and FINRA.
C) Variable contracts and their distribution are regulated separately but in a fairly coordinated fashion between the Department of Insurance, the SEC, and FINRA
D) Variable contracts and their distribution are regulated exclusively by the Securities Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) because federal regulation supersedes state regulation."
Answer: C) Variable contracts and their distribution are regulated separately but in a fairly coordinated fashion between the Department of Insurance, the SEC, and FINRA
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A. low quality B. medium quality C. moderately high quality D. high quality
Prime costs is the sum of
A) the direct labor costs and indirect labor costs. B) the direct material costs, direct labor costs, and overhead costs. C) the direct labor costs and overhead costs. D) the direct materials costs and direct labor costs.
An internal issue to be considered when setting a price is
A) whether the process is labor-intensive or automated. B) the customer's preferences for quality versus price. C) current prices of competing products or services. D) the life of the product or service.
What is the probability that x is less than 5, given the function below?
f(x) = (1/10) e-x/10 x
0
A. 0.6065 B. 0.0606 C. 0.3935 D. 0.9393