What benefit does the Payor clause on a Juvenile Life policy provide?
What will be an ideal response?
The correct answer is "Premiums are waived if the payor becomes disabled". The Payor clause of a juvenile life policy provides a waiver of premiums if the payor becomes disabled.
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Consumers engage in habitual decision making for all the following except
A. when they are loyal to a store. B. when they haven't developed brand loyalty. C. for purchases that aren't important to the consumers. D. when they use little or no conscious effort to make their decision. E. for merchandise they have purchased in the past.
Popular national brands are placed next to a manufacturer's brands in a store and look like them. This kind of brand is called a(n)
A. licensed brand. B. premium brand. C. copycat brand. D. generic brand. E. exclusive brand.
"Enclosure" notation at the bottom of the page
A) Letters B) Memos
ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable cost per unit are tabled here. Determine the production volume at which costs of Processes B and C are equal.
a. 2,000
b. 3,000
c. 4,000
d. 1,000