Under one method of estimating a loss reserve, the reserve is based on life expectancy, duration of disability, and similar factors. This method of estimating loss reserves is called the
A) judgment method.
B) tabular value method.
C) loss ratio method.
D) average value method.
Answer: B
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"Pay to the order of Jose Dejesus" is a special indorsement
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true about sales promotion?
A. It can increase sales by providing extra purchasing incentives. B. It encompasses personal selling. C. Sales promotion has increased dramatically, primarily at the expense of personal selling. D. Product characteristics are not relevant when deciding on sales promotions. E. It encompasses public relations.
Your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 of income a year for 25 years, with the first payment coming immediately. The going rate on such annuities is 5.15%. How much would it cost him to buy the annuity today?
A. $1,471,632.01 B. $981,088.00 C. $1,348,996.01 D. $1,226,360.01 E. $1,508,422.81
The place a product, brand, or group of products occupies in consumers' minds relative to competing offerings is referred to as a product's:
A. status B. equity C. frame D. role E. position