The Most Valuable Single Technique in Personal Risk Management to Assist

question 68

Multiple Choice

The most valuable single technique in personal risk management to assist an individual in determining how much life insurance is needed is:

• A) Computing the Human Life Value.
• B) Using the probability of death each year,prevailing interest rates and assumed inflation rates to find the discounted present value of a future income stream.
• C) Assessing the family's total economic needs and subtracting financial resources available to meet those needs.
• D) Estimating the sum of money which,when paid in installments,will produce the same income as the person would have earned,after deducting assumed amounts for taxes and personal maintenance expenses.
• E) Using a multiple of earnings adjusted for occupation.

Understand the psychological and environmental factors influencing eating behaviors and sexual orientation.

Grasp the concept of weight regulation through set-point theory and the factors influencing body weight.

Analyze the impact of genetics versus environment on physiological and psychological traits.

Recognize the role of learning and culture in shaping human behavior and preferences.

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Definitions:

Residential Property

Real estate that is used for housing or dwelling purposes.

Special Deterrence

A principle in criminal justice aiming to prevent a particular offender from committing future crimes by imposing a penalty for their actions.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections to individuals, including rights against self-incrimination, double jeopardy, and guarantees due process of law.

Incriminating Statements

Statements that suggest or imply someone's involvement in a crime or wrong-doing.