The Person or Entity That Purchases an Annuity Is Called

question 34

Multiple Choice

The person or entity that purchases an annuity is called:

• A)beneficiary.
• B)recipient.
• C)annuitant.
• D)owner.
• E)holder.

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Definitions:

Sarbanes-Oxley Act

A U.S. law enacted in 2002 aimed at protecting investors from fraudulent accounting activities by corporations.

Top Executives

Senior-level managers and officers in an organization who are responsible for overseeing its strategic direction and making high-level decisions.

Clan Control

A method of managing based on shared values, beliefs, norms, and traditions among company members, which influences members' behaviors and contributes to organizational culture.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of an organization.