Wendy has a $100,000 whole life participating policy. She recently married and is planning to have a family. She wants to increase her life insurance coverage but at minimal additional cost. Which of the following dividend options would be most suitable for her needs?
A) Allow dividends to accumulate at interest
B) Apply dividends against premium payments
C) Use dividends to buy 1-year term insurance
D) Use dividends to buy paid-up additions"
Ans: D) Use dividends to buy paid-up additions"
Business
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The Economic Production Quantity (EPQ) model assumes instantaneous replenishment
Indicate whether the statement is true or false
Business
The average lead time of a unit of product through a manufacturing station is 10 minutes. The production rate has been steady at five units per hour. The average work-in-process inventory at this station is:
A) 50 units. B) 10 units. C) 5 units. D) 0.83 units.
Business