The Variable Annuity

question 24

Multiple Choice

The variable annuity:

• A) pays a fixed dollar amount for a variable length of time
• B) pays an annuity to a variable number of people
• C) overcomes the problem of inflation and the loss of purchasing power
• D) accepts variable amounts of deposits on a periodic basis during the accumulation period

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Definitions:

Shirking

The behavior of employees reducing their effort or productivity, especially when their work effort is unmonitored or difficult to measure.

Unemployment

The situation in which individuals who are capable of working and are actively seeking employment are unable to find a job.

Professional Baseball

A sport played by athletes who receive compensation for their performance, often associated with leagues and teams that are part of the organized sport industry.

Draft Players

The selection of athletes by professional sports teams during an organized process, commonly referred to as a draft.