Which best describes par value for stock?
A. An arbitrary amount set by the company for each share of stock
B. The current market value of the stock
C. The amount expected to be paid out as a dividend on a share of stock
D. The value at which stock shares were issued
Ans: A. An arbitrary amount set by the company for each share of stock
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With a waiver of premium rider attached to a whole life policy issued by a mutual insurer, all of the following are true, except:
A. Dividends will continue to be paid, if earned. B. Cash values will continue to grow. C. All features of the policy will remain in force. D. The insurer will waive the premium payment while the policyowner will continue to pay the cost of the WP rider.
What safety stock should be held to put the expected shortage per cycle at 5 phones?
A) 418 phones B) 433 phones C) 462 phones D) 487 phones