Which of the Following Statements Is CORRECT

question 135

Multiple Choice

Which of the following statements is CORRECT?

• A) Time lines cannot be constructed where some of the payments constitute an annuity but others are unequal and thus are not part of the annuity.
• B) A time line is not meaningful unless all cash flows occur annually.
• C) Time lines are not useful for visualizing complex problems prior to doing actual calculations.
• D) Time lines can be constructed to deal with situations where some of the cash flows occur annually but others occur quarterly.
• E) Time lines can only be constructed for annuities where the payments occur at the end of the periods, i.e., for ordinary annuities.

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Definitions:

Hereditary Illness

A disease or disorder that is genetically passed from parents to their offspring.

Pregnancy Discrimination Act

A federal law in the United States that prohibits discrimination on the basis of pregnancy, childbirth, or related medical conditions in the workplace.

Business Necessity

A business necessity is a practice that is important for the safe and efficient operation of the business.

Disparate Impact Discrimination

A form of discrimination that occurs when a neutral policy disproportionately affects a protected group, even if the policy was not intended to be discriminatory.