Answer: Joint and Last Survivor Annuity
Explanation:
An annuity is a form of regular payment made by an insurance company to an individual with their coverage, starting from a specific time(could be retirement) to end at a specific time(death of the client).
A joint and last survivor annuity is a form of annuity, where a spouse is paid even after the death of the other spouse receiving the annuity initially.
Answer:
Explanation:
A timeline list events in a chronological order.
If cash flows do not occur annually, a timeline can still be meaningful. Timelines can represent cash flows that occur daily , monthly, quarterly , yearly , bi - annually etc
In cases where some cash flows occur annually and others occur quarterly, the space on the timeline between cash flows that occur annually and cash flows that occur quarterly woild be different in order to indicate the different lengths of time.
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Conceptual skills refer to the ability to understand the relationship of parts to the whole.
<span>A management concept based on an understanding of the changing wants and needs of customers and which leads to flexible product designs and production processes, is called customer orientation.
Customer orientation includes group of action that are focused on </span><span>helping </span>customers<span> to meet their long-term needs and wants.</span>