The international division that is responsible for a firm's worldwide marketing activities is headed by a division president who sets goals and budgets and is in charge of the company's international growth

Which section of a life insurance policy specifies the conditions, times, and circumstances under which the insured is NOT covered by the policy?

A) Insuring clause B) Exclusions C) Coinsurance provision D) Coverages"

Suppose that a small, rural city in the countryside of North Dakota plans to issue $150,000 worth of 10-year bonds. Which one of the following components of the bond's yield will be affected by the fact that no active secondary market is expected for these bonds?

A. Real rate B. Liquidity premium C. Interest rate risk premium D. Inflation premium E. Taxability premium