Answer:
Correct Answer:
4. Ordinary life offers the policyholder the flexibility to meet a wide range of financial objectives.
Explanation:
Ordinary life insurance is a type of life insurance in which policyholders pay premiums for their whole lives at a set price and interval. <em>Despite offering protection in an event of unfortunate event for the policyholders, it does not offer the flexibility to meet wide range of financial objectives.</em>
<em>Ordinary life insurance policies are often considered paid up if the policyholder reaches 100 years of age.</em>
Answer:
A new breakeven point will be determined.
Explanation:
The law of supply and demand suggests that price and quantity equilibrium are determined by the interaction between supply and demand. This breakeven point may vary as supply and demand change. When supply increases the price decreases and when the price decreases the demanded quantity increases. In this way, a new equilibrium price will be determined at a lower value than the previous price.
<u>Explanation</u>:
In the first scenario, because of being the only student in the class my efforts to produce good grades will be low and inefficient since I believe there is no one competing with me for good grades.
However, in the second scenario of a class of 40 students, there will be great competition to be that 1 student to get a good grade as mentioned by the teacher. Changes will be seen in my efforts at study and paying attention in class, as well as asking questions about the subject in order to get a good grade.
<span>They should report all expenses and all income. After doing that they should see how they eliminated the debt. Then look at the income to compare the ratio of debt to income. Then they can see what amount was truly paid and what amount was debt. They may struggle finding the complete answer since it is the fourth occurrence.</span>
