Answer:
All other factors being equal, the premium in a survivorship life policy as compared to the premium in a joint life policy should be higher
Explanation:
All other factors being equal, the premium in a survivorship life policy as compared to the premium in a joint life policy should be higher because it effectively contains the premium of two people which would be paid out upon the demise of both parties to their heirs. Unlike in the case of first-to-die joint life policy that pays to the surviving partner upon the death of the first.
Answer:
The correct answer is letter "A": Cooperative.
Explanation:
Cooperatives or co-ops are not real state ownerships but imply being in charge of a property under a lease agreement. Similar to condominiums, individuals can live in an apartment that belongs to an owner that in co-ops are companies. The tenant purchases stocks of the company becoming a stakeholder and in return, the company provides the tenant an apartment with a lease agreement for the possession of the property.
Answer:
d. An organizational model rationally designed to perform task efficiently.
Explanation:
Bureaucacy is an organization plan that performs daily activities like division of labour, has standardize processes and responsibilities. In bureaucracy, there is relationship between employees, hierarchies and duties are clearly spelt.
An example of bureaucracy is car production department. The department involves so many processes, division of labour and interpersonal relationships among employees.
Thus, bureaucracy tends to perform tasks efficiently due to a number of inputs required to complete the process.
