A Contract That Calls for Regular Payments to an Individual

question 143

Multiple Choice

A contract that calls for regular payments to an individual for life or for a fixed period of time is called a(n)

• A) annuity.
• B) fixed dividend plan.
• C) mutual fund.
• D) level premium agreement.

---

Definitions:

Goals

Enduring intentions to act; process or functional accomplishments that are targets of effort; the ends one strives to attain.

Stage IV

Typically refers to a classification or phase in a progression or series, which may vary in meaning depending on context (e.g., cancer stages, development stages).

Power Struggles

Conflicts arising from two or more parties competing for control or dominance in a particular situation or organization.

Norms

Widely accepted behaviors, practices, or standards that dictate what is considered acceptable in a society or group.