Central Mass Ambulance Service can purchase a new ambulance for $200,000 that will provide an annual net cash flow of $50,000 per year for five years. The salvage value of the ambulance will be $25,000. Assume the ambulance is sold at the end of year 5

Annuities are an important product sold by life insurance companies. Which of the following statements is correct as of 2012?

A. Life insurance contracts continue to dominate premiums written while annuities are of less importance. B. The value of annuity sales are more than double those of traditional life insurance lines. C. Retirement accounts and private pension plans are not allowed access to the annuities of life insurance companies. D. The funds in an annuity can only be invested in guaranteed investment contracts (GICs). E. All annuities are listed as separate accounts business on the life insurer's balance sheet.

Roland is the logistics manager of Giant Beanstalks. Which of the following is NOT an area of responsibility for him?

A) the transportation of the canned vegetables to Greenleaf B) the storage of the unprocessed vegetables C) the advertising of the final product D) product inventory management E) the packaging of the final product