The accumulation of a reserve consisting of excess payments above the mortality cost in the early years of a policy is necessary for the:
A) deferred annuity plan
B) minimum reserve standard
C) level-premium plan
D) yearly renewable-term plan
C
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Which of the following statements is true about customer value?
A) The customer value equation is represented by B = V/P, where B = benefits, V = value, and P = price. B) Value can always be increased for a customer by increasing the price of a product or service. C) A company can succeed in a market only if its perceived value is equal to, and not lesser than or greater than, its competitors. D) A company that has high perceived value can charge more than its competitor for the same product.
We should not go off on tangents or purposefully switch subjects when the other party still wants to discuss our initial topic. This is the main idea behind which of these maxims?
A. quantity B. relevancy C. manner D. quality
A restricted endorsement means the check is payable to any bearer
Indicate whether the statement is true or false
Explain the function of the two parts of the TCP/IP protocol