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In an organization, developing skills differs from acquiring objective knowledge because skill development requires:
Term Life Insurance
A type of insurance that provides protection for the policyholder; term insurance covers the policyholder for a specified period of time, usually 5, 10, or 20 years; after that time, the policy is no longer in effect, unless it is renewed for another term.
Premium
The amount paid for an insurance policy.
Face Value
The nominal or stated value of a security or financial instrument, such as a bond, note, or coin.
Taxable Income
Earnings that are taxable.
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