Life insurance is an example of a named-perils coverage.

Consider a single cash flow of 100 in five years. If the futurity is shortened to four years, holding interest/discount rates constant:

a) its price rises b) its price falls c) its price is unchanged d) none of the above

Once managers of The Grecian Urn have decided on their product concept and marketing strategy, they can evaluate the business attractiveness of the proposal in the ________ stage of the new-product development process

A) business feasibility B) feasibility study C) business analysis D) product acceptance E) technical development