Which of the following statements regarding annuities is NOT correct?
A) Annuity payments are guaranteed.
B) Like life insurance, an annuity is used primarily to provide income at death.
C) An annuity is based on mortality assumptions and the law of large numbers.
D) An annuity contract provides for the purchase of income.
Ans: B) Like life insurance, an annuity is used primarily to provide income at death.
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Because Sean made sure the staff at a dry-cleaning business was trained to use some new, potentially hazardous equipment, had them sign off that they were aware of all the posted warning signs, and had them read the safety manual, which of the following is the probability of injuries occurring while using the equipment and the related impact to the employees?
A. Low risk and high negative impact B. Medium risk and low negative impact C. Medium risk and high negative impact D. High risk and high negative impact
Disney and Pixar coming together was a “match made in cartoon heaven” some say. This undertaking enabled the two companies to collaborate freely and easily resulting in some of the highest grossing animated films of all time. This is a successful example of:
a. A merger b. An acquisition c. Outsourcing d. A joint venture