Of the following, which best describes the difference between life insurance and annuities?
A. Annuities create an instant estate, while life insurance liquidates an estate.
B. Annuities provide a tax free income in retirement.
C. Life insurance can be funded monthly, while annuities require a lump-sum
funding.
D. Life insurance creates an instant estate, while annuities liquidate a sum of money.
Ans: D. Life insurance creates an instant estate, while annuities liquidate a sum of money.
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A type of bonus that does not have a performance evaluation over time is a
a. merit bonus. b. merit award. c. profit bonus. d. spot award
Under the Securities Exchange Act of 1934, a person is liable for making a false or misleading statement (or omission) of a material fact in an SEC filing (Section 18). Moreover, defrauding anyone in the purchase or sale of any security is illegal (Section 10). Under these provisions, a plaintiff must bring a suit within
A. 5 years after the filing or the purchase or sale. B. 2 years after the cause of action arose. C. 5 years after discovery of the facts on which the suit is based. D. The earlier of 2 years after discovery of the facts on which the suit is based or 5 years after the cause of action arose.