A) determines the life insurance amount needed based on a budget B) uses annual income times a factor to arrive at the amount of life insurance needed
20) income method
21) budget method
What will be an ideal response?
Answers: 20) B 21) A
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Ralph Watkins is a real estate attorney who owns 10% of United Escrow. Ralph refers all of his real estate clients to United for their closings. Which of the following statements is correct?
A)?Ralph has violated RESPA because there is a kickback. B)?Ralph is not subject to RESPA because he is an attorney, not a real estate broker. C)?Ralph can make the referral, but must disclose his ownership interest in United. D)?None of the above
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Answer the following statement true (T) or false (F)
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A product's cost is the sum of its direct-material cost, its direct-labor cost, and its overhead cost, which is the accumulation of all the resource costs driven to the product by the various cost drivers selected for the ABC system.
Answer the following statement true (T) or false (F)