Positive deviational variables represent the overachievement of a given priority goal

a. True
b. False

A

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Leland elects to surrender his whole life policy for a reduced paid-up policy. The cash value of his new policy will

A) remain the same as in the old policy B) decrease gradually C) decrease by 50% immediately D) continue to increase"

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Consider a corporation that was originally 100% family owned. Which of the following statements is TRUE?

A) Each time the company issues new shares family control may be reduced. B) If the family owns more than 50% of the shares they still have effective control of the firm. C) Even if the family owns less than 50% of the outstanding shares they may still retain effective control of the firm, especially if there are no other large shareholders. D) All of the above are true.

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