Which statement(s) is(are) true with regard to group insurance underwriting principles?
I. A flow of people through the group is undesirable.
II. Benefits should be automatically determined.
a) I only
b) II only
c) Both I and II
d) Neither I nor II
Ans: b) II only
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How does Japanese GAAP differ from IFRS with respect to preoperating costs?
A. Japanese GAAP requires expensing of preoperating costs, whereas IFRS allows capitalization. B. Japanese GAAP requires expensing of preoperating costs, whereas IFRS requires capitalization. C. Japanese GAAP requires capitalizing preoperating costs, whereas IFRS requires expensing. D. Japanese GAAP allows capitalizing preoperating costs, whereas IFRS requires expensing.
Linguistic relativity is the idea of language shaping what people consider to be reality
Indicate whether the statement is true or false.