George forgot to pay his monthly life insurance premium that was due on March 1. The policy had a face value of $100,000. On March 21, George died
How much will the insurer pay George's beneficiary for this death claim, assuming the policy contained a standard grace period clause?
A) Whatever cash value has accumulated in the policy
B) $100,000
C) $0
D) An amount equal to the face value of the policy, MINUS the overdue premiums and any interest or late penalties George owed them
D
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Indicate whether the statement is true or false
Which of the following statements about price is true?
A) Pricing is the least important marketing mix element. B) Price is always a monetary value. C) Price can mean exchange of nonmonetary goods or services. D) Most consumers believe price has little influence on their purchase decisions. E) Pricing is unaffected by changes in the business cycle.