Which of the Following Would Most Strongly Support the Decision

question 44

Multiple Choice

Which of the following would most strongly support the decision to purchase key-person life insurance by a firm?

• A) the age of each key-person involved in ownership of the business
• B) the extent of the ownership held by each key-person
• C) a means of financing the purchase of a deceased shareholder's interest
• D) the financial ability of the business to pay the premiums

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Definitions:

Solution Implementation

The process of putting a plan or solution into action in order to solve a problem.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Functional Fixity

A cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering problem-solving and creativity.

Feasible Solution

A practical and achievable resolution to a problem that can realistically be implemented.