Which Type of Life Insurance Is the Least Popular and Its

question 15

Multiple Choice

Which type of life insurance is the least popular and its appeal continues to drop?

• A)Endowment life insurance
• B)Credit life insurance
• C)Group life insurance
• D)Industrial life insurance
• E)Universal life insurance

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Definitions:

Level of Management

The different stages or tiers in an organization's hierarchy, each with specific responsibilities, ranging from top executives to middle managers to front-line supervisors.

Responsibility Accounting

The process of measuring and reporting operating data by areas of responsibility.

Responsibility Centers

Responsibility centers refer to distinct segments or areas within a company for which individual managers are accountable for revenue, costs, or investments.

Responsibility Center

An organizational unit for which a manager is assigned responsibility over costs, revenues, or assets.