Brian, a 45-year-old general contractor, wants financial protection for his family while $300,000 of his assets are tied up in a building project for the next 5 years. Which of the following types of life insurance policies would give him that protection at the lowest cost?
A) 5-year level term
B) Life paid-up at 50
C) Straight whole life
D) Single premium whole life"
Ans: A) 5-year level term
Business
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How many feet are on one side of a section:
A: 1,000; B: 2,640; C: 5,280; D: 43,560.
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Which one of the following is NOT an assumption of the EOQ model?
A) Decisions for one item can be made independently of decisions made for other items. B) There is no uncertainty in lead-time. C) The amount of an order received is exactly equal to what was ordered, without any "short shipments" from a supplier or scrap losses in the shop. D) Quantity discounts can be taken advantage of for large lot sizes.
Business