Why Might the Use of "Grades" Assigned by a Life

question 22

Multiple Choice

Why might the use of "grades" assigned by a life insurance company rating organization not be a reliable guide for consumers?
I.There may be variations in grades assigned by different rating organizations.
II.They ignore factors such as profitability and quality of investments.

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

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Definitions:

Receive Payments Window

The Receive Payments Window is a feature in accounting software where businesses record the collection of money from customers against their outstanding invoices.

Checking Account

A bank account that allows for both deposits and withdrawals, often used by individuals and businesses for day-to-day transactions.

Accounts Receivable

Money owed to a company by its customers or clients for goods or services delivered or used but not yet paid for.

Form 1065

An IRS tax form used by partnerships in the United States to report their income, gains, losses, deductions, and credits to the IRS.