National Corporation was organized on January 1 and issued 600,000 shares of common stock on that date. On July 1, an additional 200,000 shares were issued for cash

__________ is the subcontracting of services and operations to an outside vendor

a. outsourcing b. decentralization c. benchmarking d. TQM

A policyowner stops paying premiums on a whole life policy with an accidental death benefit and exchanges the policy for extended term insurance. Which of the following statements pertaining to this situation is NOT correct?

A) The policyowner will have continued protection for a limited period of time. B) There will be no accidental death benefit with the new policy. C) The term policy has no cash value. D) The term policy will have a reduced face value."