Kayla buys a whole life policy when she is 40 and pays premiums on it until she is 60. She decides to retire at 60, has no dependents and no debts, and realizes she really doesn't need the death protection any longer
She is now concerned about generating a lifetime income during her retirement. What option does a whole life policy typically offer that could best help her with this financial need?
A) Forfeiture of coverage provision (she can surrender the policy and take the cash)
B) Paid up whole life option (use the cash value to buy a paid-up whole life with a lower face value)
C) Annuity conversion option (buy an annuity from the insurer with her cash value)
D) None of the above
C
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Marketers are most effective when they appeal to ________ rather than when they ________
A) short-term needs; focus on long-term needs B) teenagers; target older people C) existing wants; attempt to create new ones D) emotions; appeal to actual needs E) the mass market; appeal to market segments
Refer to the data given for production and shipping costs for Auto Parts, Inc. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints—except the non-negativity constraints of the decision variables—should be set as an equal-to (=) sign in the Excel Solver dialogue.) At the optimum solution, which of the production area is shipping to all three markets?
a. Bangkok
b. Kolkata
c. Tokyo
d. none of these
Guard Personnel Company is charged with using hiring practices that do not meet requirements set by the Transportation Safety Administration (TSA). The administra-tive law judge or-ders Guard to comply with the TSA's regulations. Guard may
a. appeal to the commission that governs the TSA. b. appeal to Congress, which created the TSA. c. appeal to a different, separate agency. d. ignore the order.
The three common ways for a business to raise the capital it needs to grow are with earnings, equity, and debt.
Answer the following statement true (T) or false (F)