Answer:
Trough
Explanation:
Trough economic situation is when the recession is hardest and comes after the phase of contraction where growth slows, employment declines (unemployment increases), and pricing pressures subside.
Trough is characterized by large number of people being unemployed due to extensive layoffs by companies in order to cut down their costs and reduce their output during the period of economic decline
A researcher administers a survey on issues related to the U.S. health care system to a sample consisting of 60% medical doctors, 30% economists, and 10% lawyers. One of those people surveyed was William, who is 50 years old, wears a shirt and tie, and is good with numbers. William is concerned that the expense of our current health care system will ultimately cause it to collapse. Which statement MOST likely describes William's occupation?
A) It is equally likely that William is a doctor or an economist, but unlikely that he is a lawyer.
B) William is probably a doctor.
C) William is probably a lawyer.
D) William is probably an economist.
Answer:
Option B William is probably a doctor
Explanation:
The reason is that he is specifically pointing out the health care system with no specific judgement and hasn't based his views on authentic information neither he has used any numerical values in his statement. The doctors might think that the expenses are high enough but the economist compares the government spending on health care with a number of different countries and considers its value generation on a number of variables. For example, the statistical data that the economist uses are based on the spending of US to recover a unit patient from accidents, etc. So William is most likely a doctor.
Answer:
D) William is probably an economist.
Explanation:
Statistically there is a 60% chance of William being a doctor, 30% of him being an economist and only 10% for him being a lawyer.
Using my own life experience and probably prejudice, I would say that he is not a doctor. My father was a doctor and so are 4 or 5 extended family members, and I never saw them working with a shirt and tie only. Usually doctors either wear an apron or a suit when they are managers. I don't recall ever seeing a doctor dress like that, at least while working.
Many people think that doctors do not like numbers, but it is not true. When talking about health care doctors are extremely specific about budget problems and each one has a solution for it. Some will tell you that lawsuits are too expensive, therefore professional insurance is expensive and that drives costs too high. Others will blame pharmaceutical companies, etc. But they are all very specific, since they live it everyday. So definitely he isn't a doctor.
So that leaves only two options, lawyers and economists. Since there is a 3 to 1 chance of William being an economist I will go for it. Lawyers tend o argue about the good and bad consequences of actions, but not generally their cost.
What is the percentage return (interest rate) an investor will receive if they purchase a zero-coupon bond today for $954.70 that will mature in one year and pay $1,000 at maturity?
Answer:
Interest rate = 4.75% (approx)
Explanation:
Given:
Face value of bond = $1,000
Present value of bond = $954.70
Interest rate = ?
Computation of Interest rate :
[tex]Interest rate = [\frac{Face value of bond}{Present value of bond}-1] \times 100\\[/tex]
[tex]Interest rate = [\frac{1,000}{954.70}-1] \times 100\\\\Interest rate = [1.04744946-1] \times 100\\Interest rate = [0.04744946] \times 100\\= 4.744946[/tex]
Interest rate = 4.744946%
Interest rate = 4.75% (approx)
Cathy's Clothes is a small yet successful retail chain that sells women's clothing and accessories with a focus on buyers who have relatively modest means. For this specific purpose, the firm has rolled out several marketing initiatives aimed at women of a specific demographic. This is an example of ________.
Answer:
Target Marketing
Explanation:
Candy's Clothes is engaging in target marketing because it is tailoring its marketing strategy (and its products) to a specific, narrowly-defined group of people, which can be thought of as the firm's niche.
This strategy is useful when companies have a clear idea of what demographic group they want to sell. Other firms have products with a broader appeal, and therefore, are better off using other marketing strategies that can reach a larger group of people.
Burger King licenses its brand name to foreign firms as long as they agree to run their restaurants on exactly the same lines as Burger King restaurants elsewhere in the world. In return, the foreign firms have to pay Burger King a percentage of their profits. This is an example of:______.a. exporting.b. entering a strategic alliance.c. franchising.d. undertaking a greenfield investment.e. offshoring.
Answer:
franchising
Explanation:
As Burger King will provide their brand and know-how to the franchisee This is a franchising business. The restaurant will operate in a certain way and offering the same products and even, using the same suppliers as the oher Burger King restaurant their degree of liberty will be low but, they will only pay a fixed or percentage of the gains the remainder will be for the owners of the franchise.
Patsy possesses twenty-four acres of remote, rugged land. Patsy has the right to use the property, including extracting silver from an existing mine, for life. Patsy also has the right to lease the land for a period not to exceed her life. Patsy's ownership interest is
Answer:
a life estate
Explanation:
Note the following privileges Patsy possesses;
the right to use the property..., for liferight to lease the land for a period not to exceed her lifeBased of the mentioned privileges Patsy's ownership interest is a life estate which grants ownership of land for the duration of a person's life according to common law and statutory law.
Groupthink is more likely to occur in a highly cohesive group that is insulated from others and has no established procedure for systematically defining problems and exploring alternatives.a.trueb.false
Answer: True
Explanation:
Groupthink is most likely to occur under the following reasons : (a) The group is insulated from others with different views, (b) The group leader starts by expressing a great liking for a particular decision, (c) The group has no established procedure for systematically defining problems and exploring alternatives, and (d) Group members have close backdrops and experiences.
Jon is planning to invest $15,000 at a 6% interest rate. He needs $25,000 in total for a purchase he plans to make. With his original investment and interest rate, it will take _____ years to accumulate the desired amount.
Answer:
It will take 8 years and 281 days.
Explanation:
Giving the following information:
Jon is planning to invest $15,000 at a 6% interest rate. He needs $25,000 in total for a purchase he plans to make.
To calculate the time required to reach the goal, we need to isolate the number of years from the final value formula:
FV= PV*(1+i)^n
Isolating n:
n=[ln(FV/PV)]/ln(1+r)
n= [ln(25,000/15,000) / ln(1+0.06)
n= 8.77 years
To bo more accurate:
0.77*365= 281
It will take 8 years and 281 days.
In his research, George Murdock determined that Question 15 options: A) though cultures appear to outwardly share many common denominators, the only true cultural universal is trade. B) all cultures are fundamentally the same when it comes to their beliefs and practices. C) although all cultures share common denominators, how cultures address these practices and beliefs varies greatly. D) cultures don't share anything in common.
In his research, George Murdock determined that "though cultures appear to outwardly share many common denominators, the only true cultural universal is trade".
Option: A
Explanation:
Cultural universal is a reality, adaptations to fulfill basic necessities, such as the need for meal, house and clothing. George Murdock, a Polish-born anthropologist, assembled a list of cultural universals involving as below:
physical activitieseatingdancingtravellingpersonal namesmarriagenursingreligious ritesfuneral ritualssexual constraintstradeG. P. Murdock is known for his analytical approach to ethnological research and his analysis of the systems of family and shared experience through cultures.
A variety of shared needs and challenges are present in all cultures, according to George Murdock. Despite this, the ways these cultures approach these issues can significantly differ. For example, all societies need to feed their population, but the food they eat and how they prepare it varies extensively.
Explanation:George Murdock, the noted anthropologist, did extensive research on culture. His findings support option C: although all cultures share common denominators, how cultures address these practices and beliefs varies greatly. This statement essentially means that while all human societies have similar challenges and needs, the ways they solve and respond to these concerns differ widely. For example, every society needs to feed its members, but the specific food they consume and how they prepare these foods will vary drastically, reflecting their unique practices and beliefs.
Learn more about Culture here:https://brainly.com/question/17481236
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A buyer is concerned that new construction a mile away could have a negative environmental impact on the home they are considering purchasing. Can they make the Contract to Buy/Sell contingent on the result of an environmental impact report?
Answer:
Yes,they can make the contract to buy/sell contingent on the result of an environmental impact report
Explanation:
Being cautious of the welfare of the local community is an example of ethical consideration in business in some countries,while it is a legal and ethical consideration in some other countries, especially the advanced nations of the world.
Little wonders how the cleanup of the contamination caused by BP in 2010 cost the company about $65 billion in restoration and clean up,legal fees as well as settlements paid to affected parties.
Businesses must as point of duty have regard for environmental impact and footprints
_________ has resulted in more consistency in regulations, so Colgate-Palmolive Company now markets its Colgate toothpaste with one formula and package across numerous European countries at one price.
Answer:
The European Union
Explanation:
The formation of European Union and appearing as Political Union (Type of Free trade Area) has set standards for all the members to defend its country exports against foreign countries and designed foreign policies and internal policies.
This has forced its members to transform its fiscal policy and unified the imposed duties and taxes on the import which helped many products manufacturer to consider the europe as a whole a single country and design their strategy accordingly to ensure its place in the market and bring maximum out.
A firm sells some products to a foreign country. The foreign country pays the firm in dollars, but in exchange, the firm agrees to spend some of the proceeds from the sale on textiles produced by the foreign country. In which of the following types of countertrade arrangement are the two parties engaged?
A. Switch trading
B. Buyback
C. Counterpurchase
D. Barter
E. Compensation
Answer:
C. Counterpurchase
Explanation:
Counter purchase is a particular type of countertrade arrangement whereby an exporter of goods agrees to buy a certain number of goods from the country it exports to, in exchange for the product the country would buy from the exporter. This is commonly used in international business arrangements and the goods that are being sold by the two different parties are usually unrelated to each other but could be of equal value.
Answer:
C. Counterpurchase
From this cartoon you can infer that the cartoonist:______. A) believes that England and Japan will soon be at war. B) opposes U. S. participation in the League of Nations. C) believes that the League of Nations will prevent future wars. D) believes that the U. S. should become a member of the League of Nations.
Answer:
The Cartoon depicts the Head of Government of the USA with hands tied being pulled from 4 different ends of the world
2 Nations stand out, England & Japan who were part of the 4 permanent Member States, (Italy and France make up the balance); whilst European Nations and Foreign Governments are depicted to also pulling at the President.
The Cartoonist opposes U.S Participation in the League of Nations
Explanation:
This is a Post World War 1 Cartoon
As part of the Versailles Treaty from the Paris conference of 1919 a League of Nations was to be formed comprising of the World Powers at the time. Members were expected to respect the sovereignty of other countries and completely discourage the deployment of Military campaigns against other countries
The President of the USA at the time President Woodrow Wilson believed so much in the Vision of the League of Nations but was constrained from having America join because of the overwhelming stand against America's involvement by the isolationist movement in the congress.
The Isolationist movement was specifically against the item X of the League's covenant which required Member nations to support other Nations in the face of an aggression from another. The interpretation of this was that the USA would be completely surrendering its sovereignty and would remain a tool for International Conflicts resolution by deploying men and war equipment as was the case with World War I.
The President is seen in the cartoon firmly rooted to USA ideals albeit opposed to his Vision of joining the League of Nations.
Answer:
B) opposes U. S. participation in the League of Nations
Explanation:
A spherical container has a radius of 9 centimeters. It is filled with a solution that costs $2.10 per cubic centimeters.What is the total value of the solution in the container?Use 3.14 for π .Enter your answer in the box to the nearest cent.
Answer:
$6,409.37
Explanation:
If a spherical container has a radius of 9 centimeters and It is filled with a solution that costs $2.10 per cubic centimeters.
The total value of the solution in the container will be derived by finding the volume of the spherical container
Formula for volume of a sphere V=4 /3 x π x r^3 = 4/3 x 3.14 x 9^3 = 3052 cm3
If It is filled with a solution that costs $2.10 per cubic centimeters then the total value of the solution in the container will be: 3052cm3 x $2.1 = $6,409.37
As the television industry has changed in the last few decades from just three major networks to a multiplicity of networks, one of the major aspects of business strategy for the newer networks is a(n) __________ than the traditional networks.
Answer:
Narrower competitive scope.
Explanation:
Competition is defined as the efforts that is made by different players in a market to secure market share where product offerings are similar to what other competitors are selling.
In a very competitive market, in order to stay relevant it is necessary to adopt a narrow competitive scope. Focusing on a few key features and specialising in them is an effective competitive strategy.
While in a market where competition is less intense it is possible to adopt a broad competitive scope with wide range of competencies and still survive
Wall Corporation exchanges old equipment for new equipment. The original cost of the old equipment was $100,000, and its accumulated depreciation at the date of exchange was $60,000. The new asset received had a fair value of $80,000 and a book value of $65,000. The journal entry to record this exchange will include which of the following entries? 1. Credit gain on exchange of asset $4000 2. Credit equipment $100,000 3. Debit accumulated depreciation $60,000 4. Debit equipment $80,000 5. Debit equipment $65,000 6. Credit equipment $80,000 7. Credit accumulated depreciation $60,000
Answer:
2. Credit equipment $100,000
3. Debit accumulated depreciation $60,000
Explanation:
When a company trades with another pieces of equipment gain or losses are recognized when there is commercia lsubstance. If not, then the trade-in equipment is posted as the net book value of the old equipment
In both cases, the old equipment is write-off thus:
credit equipment for 100,000
and debit accumualted overhead for 60,000
Now, we look at the option that matches this. The information about the new assets is insuficient as we aren't given information about whether or not thre is commercial substance
Jennifer rates her employees on subjective attributes such as attitude, honesty, inspiration to others, leadership, or initiative. This is what type of appraisal?
Answer:
The correct answer is Trait Appraisal.
Explanation:
The instruments for assessing traits and behaviors provide information to make the necessary adjustments in the teaching process, it resides in the set of personal family and environmental factors that affect the performance of workers.
In the mechanisms and criteria that allow to determine if a person is competent or not, considering the skills, abilities, attitudes, knowledge and values put into play in the exercise of an action in certain contexts.
Answer:
Jennifer rates her employees on subjective attributes such as attitude, honesty, inspiration to others, leadership, or initiative. This is what type of appraisal? ... Self-appraisals.
Explanation:
Kolker Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $ 150 comma 000, and management estimates 4% will be uncollectible. Kolker Company's balance of Allowance for Uncollectible Accounts after adjustments, was $ 4 comma 000. The following year, Kolker Company wrote off $ 3 comma 000 of old receivables as uncollectible. What is the balance in the Allowance account now?
Answer:
$7,000
Explanation:
The previous balance of the allowance for uncollectible accounts was $4,000, then $3,000 were written off, so the new balance = $4,000 - $3,000 = $1,000
if current sales are estimated at $150,000 and 4% will be uncollectible, then you should add $150,000 x 4% = $6,000 to the allowance for uncollectible accounts.
The current account balance should be $1,000 + $6,000 = $7,000
Based on scientific theory of social influence, researchers tested the prediction that a threat to self-esteem increases conformity to peer pressure. The prediction that was tested best illustrates :_______________.
Answer:
The answer is Hypothesis.
Explanation:
Scientists when conducting an investigation propose different assumptions to check which are known as hypotheses. Hypotheses are assumptions that are confirmed or discarded during the investigation.
For example, in the case of the scientific theory of social influence, the researchers proposed different hypotheses about the relationship of self-esteem and compliance with group pressure, in which the hypothesis proposed was approved through the study.
I hope this information can help you.
Wal-Mart has a highly sophisticated system of recording data and being able to view results. For instance, Wal-Mart managers know from their scanner data that five pair of Wrangler Blue Jeans were sold from 10:00 a.m. to 11:00 a.m. on a certain day, and by what size. If the sales were made via credit card, Wal-Mart also knows "who," and has developed histories of what combinations of products its customers buy. The preceding is an observational situation involving which of the following?
a. people watching people
b. people watching phenomena
c. machines watching people
d. machines watching phenomena
e. All of these are observation situations
Answer:
c. machines watching people
Explanation:
Machines watching people refers to a phenomena whereby via employment of specialized machinery, an organization is successfully able to observe the activities of it's customers and at the same time also track data relating to their identity and other credentials.
In the given case, the sophisticated system entails deciphering the customer shopping pattern and the merchandise sold during a period whereas the payment mechanism of cards also helps in tracing down the identity to ensure no unscrupulous person can go unnoticed.
Thus, it's a case of machines keeping a watch or surveillance on the customers and their identity.
5. For a diversified firm, a corporate-level strategy is concerned with: a) operating each individual business under the corporate umbrella. b) determining how each functional department of the firm will operate. c) determining the businesses in which the company intends to compete as well as how to manage its different businesses. d) coordinating the vision and mission of each subsidiary firm.
Answer:
c) determining the businesses in which the company intends to compete as well as how to manage its different businesses.
Explanation:
For a diversified form, the corporates level strategy is when a business has to make a decision that impacts the whole company finance and management and human resource was the product is sold. This strategy is of the three types as the cost-cutting and the selling assets and also the raising the price of the product and are classified into the four major types stability strategy, the Expansion Strategy, the Retrenchment Strategy, and the Combination Strategy.In the Baldrige assessment, _____ refers to how a company refines the approach through cycles of evaluation and improvement, encourages breakthrough change to the approach through innovation, and shares refinements with other relevant work units in the organization.
Answer: The correct answer is "Deployment".
Explanation: In the Baldrige assessment, deployment refers to how a company seeks to refine the approach with the implementation of evaluation and improvement cycles, promotes radical changes through innovation and shares these refinements with other units of work of great importance within the organization.
Firms possessing certain core competencies are more likely to create competitive advantages based on these competencies. However, before a competitive advantage can be translated into specific customer benefits, the firm's __________ must recognize that its competencies give it an advantage over the competition.
a. management
b. target markets
c. shareholders
d. employees
e. strategic partners
Answer: B- target market
The firm'sTarget market_ must recognize that its competencies give it an advantage over the competition.
Explanation:Target Market:This Is a group of customers that the business directs it's production and marketing efforts on.
it is necessary for establishments to know the consumers purchasing from the company and how to continually cater for thier needs because Companies and manufacturers have competitors who can compete with them with thier target market
A company must be willing and able to have an edge over it's competitors by improving the benefits they provide to their target market , This is by knowing who buys from the company, thier wants and needs and prospective/intending consumers by implementing strategies essential for the business to thrive or have a competitive advantage over it's competitors.
Answer:
B) target markets
Explanation:
I'm not sure if you remember the Pepsi challenge where allegedly "ordinary" people were blindfolded and they were given both Pepsi and Coke and they had to choose their favorite. That challenge started in 1975, and the results were supposedly favorable towards Pepsi. Theoretically way over 50% of the people liked Pepsi more than Coke. But if this is true why do Coke sales keep increasing while Pepsi sales keep diving?
At the beginning, the challenge had a significant impact in increasing Pepsi sales, but after a short time things were back as usual. For example, the latest update on Coke v. Pepsi sales are Coke sales increasing world wide from 17.3% to 17.8% of the total soda world market, while Pepsi's market share continues to fall from 10.3% to 8.4%. This represents 2018 sales, there are no new updates yet for 2019.
Back to the question. If better flavor was Pepsi's core competency over Coke, why aren't they number 1? Pepsi is always a few cents cheaper than Coke, so the price is not an issue for them. The answer is simple, either customers refused to agree with their core competency or the core competency never existed. Anyway, at least in western countries, the market is king, and a tyrant also. A company cannot impose a core competency, the market decides who has it or not. Pepsi is not even number 2 in the US, Diet Coke is number 2 (Coke is number 1).
How should fruits that produce ethylene gas be stored?
A. In separate drawers or sealed containers
B. In perforated plastic
C. In paper bags in the lowest refrigerator shelves
D. On a shelf
Fruits that produce ethylene gas should be stored in a refrigerated and well-ventilated environment to slow down ripening and to remove ethylene gas. Hence the correct answer is D.
Fruits that produce ethylene gas should ideally be stored in environments that are both refrigerated and well ventilated. Refrigeration is beneficial because it slows down the chemical reactions, including the process of fruit ripening. Meanwhile, ventilation is important as it removes the ethylene gas from the storage environment, which can otherwise accelerate fruit maturation. To explore this effect, you can place a ripe apple or banana, which naturally emit ethylene, with an unripe fruit in a closed container or paper bag. You will observe that the unripe fruit will ripen quicker due to the ethylene exposure. In commercial storage, ethylene is scrubbed from the air using an air filter system to slow ripening and reduce spoilage.
Complex numbers are often used when dealing with alternating current (AC) circuits. In the equation $V = IZ$, $V$ is voltage, $I$ is current, and $Z$ is a value known as impedance. If $V = 1-i$ and $Z=1+3i$, find $I$. Express your answer as a complex number in the form $a+bi$, where $a$ and $b$ are real numbers
Answer: I=-1/5-2/5i
Explanation: V=IZ
1-i=I(1+3i)
Make I subject
I=(1-i)/(1+3i).
multiply numerator and denominator by conjugate( 1-3i).
The denominator will become
1-9*i^2=1+9=10.
The numerator will be expanded to be 1-3i-i+(3i)^2=1-4i-3=-2-4i.
This is I= (-2-4i)/10
divide numerator and denominator by -2. We have:
I=-(1+2i)/5
I=-1/5-2/5i
Which of the following are true about productive efficiency? I. All available resources are employed in production. II. Workers are well-paid. III. Points on the PPF curve are the only ones that achieve "productive efficiency". IV. The mix of goods produced and their distribution to consumers maximizes customer satisfaction.
Answer:
III. Points on the PPF curve are the only ones that achieve "productive efficiency"
Explanation:
What is true about productive efficiency is that Points on the PPF curve are the only ones that achieve "productive efficiency".
Productive efficiency is an economic term that is concerned with producing goods and services with the optimal combination of inputs to produce maximum output for the minimum cost.
For it to be said that an economy is productively efficient means the economy must be producing on its production possibility frontier
Hence productive efficiency happens when production is reportedly occurring along a production possibility frontier (PPF).
When consumers consider all types of household cleaners, they are considering the _____ of household cleaners. When consumers limit their choice of household cleaner to only those that come in spray bottles. they are considering a __________ of household cleaners.a. product class; product brandb. product group; product brandc. product class; product formd. product line; product mixe. product mix; product line
Answer:
c. product class; product form
Explanation:
Since in the question it is talking about the types of householder cleaners that reflect the product class or we can say types of product or product category
and if the consumers want to limit their choices so it is to be come under the product form that reflects the different forms of product
Like the vegetables is a product class and its form can be in terms of fresh, frozen, etc
What makes the managerial task of executing strategy so challenging and demanding is the trial-and-error experimentation that is required to come up with a workable organizational structure. the demanding people-management skills required, the resistance to change that has to be overcome, and the perseverance necessary to get a variety of initiatives launched and kept moving along. the time and effort it takes to build core competencies. the time, training, and creative effort it takes to empower employees and teach them responsible decision-making. the supervisory requirements associated with getting company personnel to do things the right way.
Answer:
The demanding people-management skills required, the resistance to change that has to be overcome, and the perseverance necessary to get a variety of initiatives launched and kept moving along.
Explanation:
What makes the managerial task of executing strategy so challenging and demanding is the demanding people-management skills required, the resistance to change that has to be overcome, and the perseverance necessary to get a variety of initiatives launched and kept moving along.
Change management s one of the most difficult tasks of strategic management because employees of the organisation and even some of the managers are opposed to change. They themselves become change barriers that stops the organization from advancing.
Suppose a person has declared that it is their desire to go on a whale watching tour before they die. With this in mind, they donate money to a "Save the Whales" campaign. This is an example of:_______.A. Consumptive use value.B. Existence value.C. Option value.D. Non-Consumptive use value.
Answer:
Option "C" is the correct answer to the following statement.
Explanation:
Option value reflects the notion that people might still believe that some benefit from getting connections to the community offered services, even though they are not confident if they will use them.
In this case, a man wanted to see whales in his life so he takes a risk to donate money in the campaign with the hope that the campaign will help him to see whales in the future.
Please match each term with the correct definition. The difference between the amount the government collects and how much it spends is known as the When the preceding term is combined with all of the privately held savings from across the country, it is known as the If the government spends more money than it takes in through taxes, it will experience a The net amount of funds coming into a country is the Answer Bank badget surplus national savings capital inflow budget deficit bdect balance If the government spends less money than it takes in through taxes, it will experience a The fundamental relationship between savings and investment spending is that O savings will decrease as investment spending increases O savings will increase as investment spending decreases O investment spending promises higher financial returns than O investment spending and savings are always equal.
1)The difference between the amount the government collects and how much it spends is known as the budget balance
Explanation:
1)The difference between the amount the government collects and how much it spends is known as the budget balance
2)When the preceding term is combined with all of the privately held savings from across the country, it is known as the national savings
3) If the government spends more money than it takes in through taxes, it will experience budget surplus
4) The net amount of funds coming into a country is the capital inflow
5) If the government spends less money than it takes in through taxes, it will experience Budget Deficit
6)The fundamental relationship between savings and investment spending is that investment spending and savings are always equal
An ideal prospect for a universal life insurance policy is someone who foresees a possible future need to adjust the amount of the death benefit and/or the premium for the policy. Also, the prospect should understand all of the following key terms of such a policy EXCEPT:_______.1. The policy holder does not control investment in policy and hence no investment risk.2. The cash value accrue based on credited interest that changes annually but subject to a minimum credit rate. 3. The death values may only adjusted up and down at certain times stated in the policy.4. The premium payments are deposited into separate account of the life insurance company.
Answer:
The correct answer is 4
Explanation:
Universal life insurance is the insurance which is an element of the investment savings and the low premiums such as the term life insurance. These policies have a option of the flexible premium and however, some of the policies require fixed premiums or the single premium.
So, the ideal prospect of the policy states that the premium payments are deposited into the General account of the life insurance company not in the separate account. These policy control the investment not the policyholders.