The Usual Stated Political Goal of Rent Control Is

question 18

Multiple Choice

The usual stated political goal of rent control is

• A) to conduct social engineering via economic rules.
• B) to pander to real estate landlords by assuring them a low occupancy rate.
• C) to pander to the low income voters by assuring them enough living space.
• D) to assist the low income at a cost to society,in convenient,affordable housing.
• E) prices that allow rationing to the highest bidder.

Distinguish between permanent and term life insurance, and understand their applications.

Acknowledge the importance of the financial stability of insurance companies and how it affects policyholders.

Realize the importance of aligning life insurance coverage with changing personal financial needs over time.

Understand the methodology to calculate life insurance needs and the factors affecting life insurance premiums and coverage.

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Definitions:

General Journal

The primary bookkeeping record in double-entry accounting, used to record all transactions by date, before they are posted to individual accounts in the general ledger.

Book of Original Entry

The Book of Original Entry refers to the initial record where financial transactions are documented chronologically.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.

Account Balances

The amount of money in an account at a specific point in time, reflecting all transactions.