What type of annuity payment option provides a guaranteed income to the annuitant for life and, if the annuitant dies before the annuity is depleted, a lump-sum cash payment to the annuitant's beneficiary?

A) Period certain option
B) Cash refund option
C) Straight life option
D) Installment refund option

Ans: B) Cash refund option

Business

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Your entire monthly mortgage payment may be taken as a tax deduction

Indicate whether the statement is true or false.

Business

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action emphasizes the welfare of the entire community or nation?

A) rights approach B) utilitarian approach C) common good approach D) virtue approach

Business