A beneficiary decides to take the option that will pay the largest amount per payment, knowing after death no monies will be paid out to any descendents. The settlement option is:
A. Life Guaranteed
B. Life with Period Certain
C. Life Income (Straight Life)
D. Life Refund Income
Answer: C. Life Income (Straight Life)
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A fundamental difference between regular marketing and global marketing is the scope of activities
Indicate whether the statement is true or false
Renault and its rivals are racing to offer middle-class consumers a new value proposition by selling cars for the equivalent of $10,000 or less. On the heels of Renault's success with Dacia Logan came the $2,500 Nano from India's Tata Motors
This illustrates that: A) consumers are looking for low price irrespective of quality. B) Renault is overcharging for their cars compared to their competitors. C) higher product development costs are a driving force behind globalization. D) market success depends on reaching a threshold of acceptable quality for consumers. E) cars are not very popular in emerging markets like India.