Which of the Following Statements Is (Are)true with Regard to Using

question 32

Multiple Choice

Which of the following statements is (are) true with regard to using interest-adjusted cost data when shopping for life insurance?
I.Cost indexes apply to new policies and should not be used to determine whether to replace a policy.
II.Cost indexes should only be used to compare similar plans of insurance.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Total Benefit

The overall satisfaction or economic gain an individual or entity receives from consuming goods or services.

Football Games

Sporting events involving two teams aiming to score goals by advancing a ball into the opposing team's end zone, according to a set of rules.

Marginal Analysis

An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.

Sweatshirt Production

Sweatshirt production refers to the manufacturing process of creating sweatshirts, involving various steps from fabric selection to sewing and finishing.