According to the principle of human life value, the purpose of life insurance is
A) to determine an individual's eligibility for insurance
B) to replace an individual's economic value
C) to replace an individual's insurance based on life events
D) to determine the amount of insurance an individual needs"
Ans: B) to replace an individual's economic value
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A group of products within a product class that are closely related because they perform a similar function, are sold to the same customer groups, are marketed through the same outlets or channels, or fall within given price ranges is known as a
________. A) product type B) product class C) need family D) product variant E) product line
The communication stage of accounting is accomplished by
A) storing data. B) reporting to decision makers. C) processing data. D) recording data.