In the closing statements prepared by the escrow agent, the total of the debit and credit columns on the seller's closing statement, in comparison to the balances on the buyer's closing statement:

Which of the following is true regarding gates in the project lifecycle?

A. Each phase has only one gate. B. Passing a gate requires gaining some type of approval. C. The project manager makes gate approvals for team members. D. Gates occur at the beginning of each phase.

With regard to substandard life insurance risks, which of the following statements is CORRECT?

A) An applicant can be deemed a substandard risk based on physical condition only; no other criteria may be considered. B) To provide coverage to substandard risks, insurers are allowed to charge an extra premium; however, they cannot alter benefit periods or waiting periods. C) Because of stringent underwriting requirements, most life insurance applicants are classified as substandard risks. D) When the applicant represents a substandard risk, the policy may be modified to reduce the benefits provided. "