The use of actual cost rates for allocating variable costs of service departments protects the user departments from inefficiencies in service departments

Reggie purchased a life insurance policy with a face amount of $500,000. After 15 years, the cash value has accumulated to $100,000 and the policy's face amount has become $600,000. Which type of life insurance policy is this?

A) Adjustable life B) Credit life C) Modified life D) Universal life

Which one of the following is a false statement about the use of incentive pay plans as a means of improving employee productivity?

A. The monetary rewards should be delayed until they are large enough to make a significant impact. B. The rewards should be proportional to increases in productivity. C. Rewards should be distributed after predetermined levels of employee productivity have been attained. D. Rewards should be large enough to motivate improved performance.