One bank offers you 4% interest compounded semiannually. What would the equivalent rate be if
interest were compounded quarterly?
A) 3.98% B) 1.00% C) 3.96% D) 3.92%
A
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A key feature of group medical expense plans is the employee being required to pay a percentage of covered expenses in excess of the deductible. This feature is
A) other insurance. B) coinsurance. C) pro-rated insurance. D) reinsurance.
What is the major way in which the roles and obligations of the owners of a limited liability company differ from the roles and obligations of limited partners in a limited partnership?
A) The owners of a limited liability company have personal obligation for debts incurred by the company. B) There is no separation between the company and its owners in a limited liability company. C) The owners of a limited liability company can withdraw from the company without the company being dissolved. D) The owners of a limited liability company can take an active role in running the company.