New employees at Jarvis Company cannot participate in the group term life insurance plan until they have worked at the company for three months. This initial period before a new employee can participate is called a(n)
A) probationary period.
B) elimination period.
C) open enrollment period.
D) eligibility period.
Answer: A
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Which of the following best describes the cash flow that owners of credit card receivable-backed securities receive during the lockout period?
A. Only principal payments collected B. Only finance charges and fees collected No cash flow is received as all cash flow collected is reinvested
The doctrine of international standard of care states that ________
A. a state must treat aliens the same way that it treats its own nationals B. a state is responsible for injuring an alien when the state's conduct violates international norms C. a state is responsible for the actions of its nationals present in other countries D. a state is obliged to admit aliens into its territories freely