Suppose an amusement park has carelessly forgotten to properly adjust a seat strap before starting a first ride of the day. If the seat strap fails and a patron is injured, that facility or owner will probably be found_________. If the facility instead uses a worn-out strap, knowing the equipment could fail at any time, that facility or owner will likely be found to have committed acts
of_________if the equipment breaks and injures the rider.
Fill in the blank(s) with correct word
negligence, gross negligence
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The refund feature on an annuity guarantees that
A) you will be satisfied with the investment build-up, because you may withdraw your funds at will. B) you can withdraw all your contributions at age 59-1/2. C) payments will continue until they have at least refunded the cost of the annuity. D) the insurance company can refund your payments and terminate your annuity at its discretion.
In the Capital Asset Pricing Model, which of the following factors are used to determine the required rate of return? I. the risk-free interest rate II. future cash flows III. expected return on the market portfolio IV. beta
A) I and II only B) I, II and III only C) II, III and IV only D) I, III and IV only