Equipment has a normal credit balance

Which of the following descriptions of life insurance policy settlement options is CORRECT?

A) Under an installment refund option, if the primary beneficiary dies, payments of the same amount continue to the secondary beneficiary until all installments to both beneficiaries equal the original amount of proceeds. B) Glenn chooses a life-income-only option, and Jeri chooses a life-income-with-cash-refund option. Jeri's income is based on the higher rate per $1,000 of proceeds. C) Under a life-income-only option, if a primary beneficiary dies after receiving income payments for only 3 months, the balance of the proceeds will be paid in a lump sum to the secondary beneficiary. D) Today, most life insurance proceeds are not paid out as lump sums.

Which of the following is a drawback of local marketing?

A) Local marketing increases manufacturing costs by reducing the economies of scale. B) Local marketing requires specialization that is difficult to identify. C) Local marketing is not profitable for most small firms. D) Local marketing cannot accommodate the needs of modern buyers who are technology savvy. E) Local marketing almost always results in brand dilution.