Which of the following statements about group accidental death and dismemberment (AD&D) insurance is (are) true?
I. The principal sum is paid if the employee dies in an accident.
II. A percentage of the principal sum is paid for certain types of dismemberments.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
Business
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Indicate whether the statement is true or false
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Rice imports to a nation under a quota limit of 8,500 tons are charged a tariff of 15 percent. Imports of rice above the quota limit are charged a tariff of 60 percent. This is an example of a(n) ________
A) export quota B) voluntary export restraint C) ad valorem tariff D) tariff-quota
Business