Country risk is broader than political risk because it includes the adverse ________ of operating in a country

The insured buys a non-participating whole life policy. Many years later the insured is disabled and cannot afford the premiums anymore. She exercises the Extended Term Non-forfeiture option. Which statement is not true?

A. The policy will accrue cash value, but with a lower death benefit coverage. B. No more premium payments are required. C. The coverage amount will remain the same as the original policy. D. The policy will remain in force a certain number of years, then expire.

Natural resources, such as coal mines and oil wells, are always classified on the balance sheet as:

a. property, plant, and equipment. b. investments. c. intangible assets. d. none of these are correct.