Which of the following statements about life insurance settlement options is true?
A) Under the fixed period option, the beneficiary normally has the right to make partial withdrawals in case of emergency.
B) Under the fixed period option, any remaining proceeds revert to the insurer if the beneficiary dies before the end of the fixed period.
C) Under the fixed amount option, the beneficiary can be given the right to increase or decrease the fixed amount.
D) Under the fixed amount option, any interest credited in excess of the guaranteed rate increases the amount of each periodic payment.
Answer: C
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Which of the following statements about the mass media is true?
a. Johnson & Johnson, maker of Tylenol, has an unblemished record when it comes to successful media strategy during a crisis. b. The power and the reach of mass media are declining. c. In a crisis, the media should be used to communicate frequently and honestly with the public. d. Very few companies feel the need to have public-relations people to communicate with the press. e. Only top-level executives need special instruction on how to deal with the media.
Which of the following is true?
a. Trading securities can be classified as current or noncurrent depending on management's intent. b. Held-to-maturity securities should not be classified as current under any circumstance. c. Available-for-sale securities can be classified as current or noncurrent depending on management's intent. d. Trading securities should not be classified as current under any circumstance.
Which one of the following types of liabilities represents an existing situation involving uncertainty as to possible gain or loss that will ultimately be resolved when one or more future events occur or fail to occur?
a. Deferred credits b. Constructive obligations c. Equitable obligations d. Contingent liabilities
The ____ action used with an explicit cursor creates a named cursor identified by a SELECT statement.
A. OPEN B. DECLARE C. FETCH D. CLOSE