In the equation r = (FV/PV)1/n - 1, the r is sometimes referred to as the ________
A) interest rate
B) discount rate
C) growth rate
D) All of the above
Answer: D
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A business has its building covered under a standardized Commercial Property policy (Policy A). The business has the same building covered under a separate policy that is written under different terms than the standardized policy (Policy B). When there is a covered loss to the building, which of the following statements indicates how the "other insurance" condition of Policy A will require that the loss be settled?
a. Both policies will settle using the "contribution by equal shares" method. b. Policy B will be primary and Policy A will be excess. c. Both policies will pay their "pro-rata share" of the loss. d. Policy A will be primary and Policy B will be excess.
Which retail training method does not require active participation by trainees?
a. case study b. role playing c. lecture d. behavior modeling