If No Beneficiary Is Mentioned in a Life Insurance, Then

question 77

True/False

If no beneficiary is mentioned in a life insurance, then the proceeds of the insurance go to the insured's estate.

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Definitions:

Nonprogrammed Decision

A new, complex decision that requires a creative solution.

Programmed Decision

A simple, routine matter for which a manager has an established decision rule.

Nonprogrammed Decisions

Decisions made in response to unique, novel, or ill-structured situations that require creativity and judgment, as opposed to routine or standard procedures.

Routine Decisions

Decisions that are made frequently and with a relatively simple process because they involve situations that have occurred before and have predictable outcomes.