A breakdown of the fees and expenses of a mutual fund is not one of the items addressed in a prospectus

A group life insurance plan participant who has been covered under the plan for 4 years terminates employment on October 1. On October 22 she dies without having made a decision whether to convert her group coverage to an individual policy. What action will the insurer take?

A) Assume that the deceased employee would have elected the conversion option and pay the death benefit without regard for the deceased employee's insurability prior to death B) No action, because the employee had not elected the conversion option C) Underwrite the deceased employee to determine if she would have been insurable and, if so, pay the death benefit to the beneficiary D) Underwrite the deceased employee to determine if she would have been insurable and, if so, give the beneficiary the option of exercising the conversion privilege and buying a policy on his life

Statistical process control charts:

A) display the measurements on every item being produced. B) display upper and lower limits for process variables or attributes and signal when a process is no longer in control. C) indicate to the process operator the average outgoing quality of each lot. D) indicate to the operator the true quality of material leaving the process. E) are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.