Which of the following are advantages of owning bonds? I. diversification properties II. higher long-term returns than equity holdings III. current income IV. lower risk than stocks

Which of the following statements regarding life insurance is NOT correct?

A) A creditor has an insurable interest in a debtor. B) Spouses are automatically considered to have insurable interest in each other. C) All individuals are considered to have insurable interest in themselves. D) Insurable interest must be maintained throughout the life of the contract.

The potentially most useful approach to defining sales aptitude and evaluating a person's potential is to:

A. Gain all the demographic information possible about the job candidate B. Establish the person's aptitude and if and where any training is needed for a general sales position C. Match the salesperson in terms of demographics, personality and attitude with the customers he or she will be calling on D. First determine the kinds of tasks involved in a specific sales job E. Rely on managerial opinion and experience in the selection process