What is the difference between listening and hearing?

The net amount at risk for an ordinary life insurance policy is the difference between the

A) present value of future benefits and the present value of future premiums. B) face amount of the policy and the total premiums that have been paid. C) face amount of the policy and the legal reserve. D) annual premium and the annual policyholder dividend.

Which of the following is not a guideline for how to delegate effectively?

A) Specify the subordinate's scope of authority and limits of discretion. B) Explain the new responsibilities and the expected results. C) Tell the subordinate to report any problems immediately. D) Arrange for the subordinate to receive relevant information.