Answer:
C. The insurer will deny J's request to add more insurance.
Explanation:
The Guaranteed Insurability Rider means extra policy which is an addition to insurance rider policy and allows the purchaser of the policy to purchase extra life insurance on the life of the insured at prearranged periods of time.
Usually, this ability to purchase extra life insurance ends at the age of 40 and since the J has just celebrated the 42nd birthday, therefore he will not be eligible to buy more death benefit.
Based on the above discussion, the answer shall be C. The insurer will deny J's request to add more insurance.
Answer:
a. there will be a positive change in income if the product line is dropped
Explanation:
The decision regarding whether a product line should be continued or dropped should take into consideration all the relevant costs and net income before and after dropping such a product line.
While considering costs, unavoidable fixed costs need not be considered as those would be incurred irrespective of the product line getting dropped or continued.
A Product line should be dropped only when it results into a positive change in the net income which means, the net income after dropping such a product line should be more than the net income before dropping.
After the sale, salespeople should only follow up with the buying center members who are directly involved in the use of the product.
The members of the buying center will be responsible for making decisions regarding variables that allow the monitoring of factors such as:
- Direct buyback
- New task
- Modified buyback
- Product type
This monitoring will help to understand consumption and satisfaction trends so that the purchase and sales strategy is carried out more effectively and aligned.
Therefore, salespeople should follow up after the sale only with buying center members, who will provide them with guidance to make more sales of certain most consumed products.
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An example of the projected increase in the world economy from the recent Doha round of world trade organization negotiations is $160 billion to $385 billion per year
The Doha Round is the most recent round of trade talks among WTO members.
Its goal is to significantly modify the international trading system by lowering trade barriers and revising trade laws.
The labor program spans approximately 20 trade categories.
The Round is also known semi-officially as the Doha Development Agenda because one of its primary goals is to boost developing countries' trading prospects.
The Round was officially begun in November 2001 at the WTO's Fourth Ministerial Conference in Doha, Qatar. The Doha Ministerial Declaration established the framework for prior agreements, including those on agriculture, services, and intellectual property.
Hence, the answer is $160 billion to $385 billion per year.
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B. Keep working through problems and a solution will be found
Explanation:
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