Choose the Word or Phrase in [ ] Which Will

question 150

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-If your insurance policy promises to pay death benefits only if you die during a specified time,you have [term | whole] life insurance.

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Definitions:

Societal Costs

Expenses borne by society as a whole, resulting from business operations or economic policies, including environmental damage and health impacts.

Private Cost

Expenses borne by individuals or enterprises as a result of their own production or consumption decisions, not including externalities.

Contingent Environmental Costs

Costs that may occur depending on the outcome of a future event related to the environment, such as cleanup costs for pollution or fines for non-compliance with environmental regulations.

Relationship and Image Costs

Expenses incurred to build and maintain relationships with customers and to enhance the company's image and brand.