The Last 16% of Consumers to Adopt a New Innovation

question 98

Multiple Choice

The last 16% of consumers to adopt a new innovation are called the:

• A) innovators.
• B) late adopters.
• C) late majority.
• D) laggards.

Understand the importance and application of policy riders and benefits.

Recognize the importance of naming beneficiaries and how life insurance proceeds are handled.

Understand the implications of various policy provisions and clauses.

Grasp how premiums, dividends, and cash values interact within life insurance policies.

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Definitions:

NPV

A financial analysis method that calculates the difference between the present value of cash inflows and outflows over a period of time, used to assess the worth of investments or projects.

Mutually Exclusive

Events or projects that cannot both occur at the same time, where the selection of one excludes the possibility of the other.

Independent

Not influenced or controlled by others in matters of opinion, conduct; not depending on another's authority.

Return on Assets

A financial ratio that shows the percentage of profit a company earns in relation to its overall resources (total assets).