Tony, who is 65 and in excellent health, wants to buy an annuity with $100,000 he recently gained on the sale of his home. He wants to select an income option that will provide him the highest monthly income possible. Which annuity income option best meets Tony's objective?

A) A straight life annuity income option
B) A 10-year period certain and life annuity income option
C) It is not possible to answer this question with the limited information provided
D) An installment refund annuity income option

Ans: A) A straight life annuity income option

Business

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A real estate broker, acting as agent for a landlord, has the following instructions: Instruction I. Collect a larger deposit from single men than from single women or couples; Instruction II. Advertise only by encouraging existing tenants who are predominantly white to solicit prospective tenants from among their friends. Which of these instructions would be prohibited by the Federal Fair Housing Act:

A: I only; B: II only; C: Both; D: Neither.

Business

Companies like Anheuser-Busch, Corning Glass, and GM have learned a lot by using joint venture as a mode of entry into a foreign market. Some of their experiences are not very positive. What are the disadvantages of joint venturing?

What will be an ideal response?

Business