Which of the following statements regarding individual and group health plans is NOT correct?
A) In a group plan, there is no individual underwriting.
B) In an individual policy, coverage is renewable at the option of the insured or insurer.
C) An individual plan issues a policy.
D) All accidents are covered in a group plan.
Ans: D) All accidents are covered in a group plan.
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You can continue to use your less efficient machine at a cost of $8,000 annually for the next five years. Alternatively, you can purchase a more efficient machine for $12,000 plus $5,000 annual maintenance. At a cost of capital of 15 percent, you should:
A) keep the old machine and save $388 in equivalent annual costs B) buy the new machine and save $388 in equivalent annual costs C) buy the new machine and save $600 in equivalent annual costs D) keep the old machine and save $580 in equivalent annual costs
Landed costs are independent of sales/FOB terms
Indicate whether the statement is true or false