Marshall Is Interested in Determining the Cost Per Thousand of His

question 19

Multiple Choice

Marshall is interested in determining the cost per thousand of his life insurance policy.Which of the following will provide Marshall the most meaningful measure of the cost per thousand dollars per year of his life insurance?

• A)the needs approach
• B)the traditional net cost method
• C)the human life value approach
• D)the surrender cost index

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Definitions:

Discrimination

Unfair treatment or prejudice against individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Bona Fide Occupational Qualifications

Refers to the essential job qualifications that an employer can legally require, which can include a specific age, sex, religion, or national origin, if they are reasonably necessary to the normal operation of that particular business.

Race

A social construct used to categorize humans into large and distinct populations based on various factors including physical appearance, ancestry, culture, and history.

Human Resource Planning

The process used by organizations to ensure that they have the right number and kind of capable employees to meet their current and future business needs.