The _____ Method Is a Detailed Method of Determining the Amount

question 100

Multiple Choice

The _____ method is a detailed method of determining the amount of life insurance coverage needed for an individual.

• A) human life value
• B) multiple-of-earnings
• C) risk assessment
• D) economic identification
• E) needs analysis

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Definitions:

Long-term Debt

Loans, bonds, or other forms of financing that are repayable over a period longer than one year.

Cash Dividends

These are payments made by a company out of its profits to its shareholders, usually in the form of cash.

Cash Flow

The sum of funds being moved into and out of a company, particularly in relation to its cash flow.

Financing Activities

All transactions (other than interest payments) involving borrowing from creditors or repaying creditors as well as transactions with the company’s owners.