The Clear Water Act extends its protection to the oceans

Which of these statements about the one-period model is BEST?

A) Purchasing a quantity with the highest expected payoff will result in a positive payoff regardless of the actual demand during the period. B) The loss per unit cannot exceed the profit per unit. C) If demand exceeds the purchased quantity then the actual payoff exceeds the expected payoff for that quantity. D) The expected payoff for a purchase quantity is always less than the actual payoff for that quantity.

The risk-based capital requirements for life insurers are based on a formula that considers four types of risk

One risk reflects a range of uncertainties that life insurers face including such things as bad management decisions and guaranty fund assessments. This risk is called A) asset risk. B) insurance risk. C) interest rate risk. D) business risk.