Which of the following statements about the needs approach for estimating the amount of life insurance to purchase is (are) true?
I. It involves an analysis of various family needs which must be met if a family breadwinner dies.
II. Its use is appropriate only if a person currently has no life insurance protection.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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a. at the beginning of a document b. at the end of a document c. separately from the original document d. as though written by an outsider
Which of the following statements regarding the Portfolio selection problem is FALSE?
A) Decision variables typically involve the amount to be invested in each investment choice. B) Minimizing risk is the most common objective. C) Alternate formulations are possible. D) Maximizing return on investments subject to a set of risk constraint is a typical problem formulation. E) Legal constraints can be introduced in addition to risk constraints .