In which of the following policies does the face amount of the policy decrease at a set age?
A)
Whole life
B)
Modified whole life
C)
Level renewable term
D)
Deposit term
B
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The last step in conducting discriminant analysis is to interpret the results (Figure 18.2 in the text)
Indicate whether the statement is true or false
Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$140 $160 Accounts receivable, net 210 230 Inventory 240 200 Prepaid expenses 10 10 Total current assets$600 $600 Total current liabilities$360 $330 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.The current ratio at the end of Year 2 is closest to:
A. 0.32 B. 0.41 C. 1.67 D. 0.80
The key element of effective teamwork is commitment to a _____. The best teams develop a common _____ of how they will work together to achieve this. General purpose goals should be translated into specific, measurable _____ goals. Ideally the team plays the lead role in designing its own _____ system. _____ from many sources is crucial.
Fill in the blank(s) with the appropriate word(s).
Which of the following is not a difficulty concerning beta and its estimation?
a. Sometimes a security or project does not have a past history which can be used as a basis for calculating beta. b. Sometimes, during a period when the company is undergoing a change such as toward more leverage or riskier assets, the calculated beta will be drastically different than the "true" or "expected future" beta. c. The beta of an "average stock," or "the market," can change over time, sometimes drastically. d. Sometimes the past data used to calculate beta do not reflect the likely risk of the firm for the future because conditions have changed. e. All of the above are potentially serious difficulties.