Which of the Following Will Be Used to Determine a Term

question 126

Multiple Choice

Which of the following will be used to determine a term insurance policy?

• A)age at which people will die.
• B)number of people who will die this year.
• C)number of people who will buy insurance this year.
• D)number of agents who sell life insurance.
• E)number of accidents in the region

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Definitions:

Vertical Analysis

A financial analysis method that expresses each item in a financial statement as a percentage of a base figure for the same period.

Industry Averages

Statistical metrics that represent the average or typical performance of companies within a particular industry, used for benchmarking and analysis.

Relative Position

A term used to describe an entity's standing or rank in comparison to others in a given context, such as market share or profitability.

Industry

A sector of the economy that produces and provides related services within a specific area of production or commerce.