Which of the following statements about variable universal life insurance is NOT correct?
A) It allows the insured to make withdrawals or to borrow from the policy during the insured's lifetime.
B) It guarantees a minimum cash value in the investment account.
C) It offers flexibility in premium payments and face amounts dependent on investment performance.
D) It pays a death benefit to a named beneficiary and offers the insured tax-deferred cash value investment options."
Ans: B) It guarantees a minimum cash value in the investment account.
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The authors suggest that the term "supply chain" may be too limited because it takes a "make-and-sell" view of the business. They believe the term ________ is more appropriate because it suggests a "sense-and-respond" view of
A) "upstream chain" B) "downstream chain" C) "market chain" D) "production chain" E) "demand chain"
As with other types of marketers, a primary goal in wholesaling is to ________
A) match competitors' strategies B) establish a greater number of locations C) build value-adding customer relationships D) hold prices constant E) maintain the status quo