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This ethical principle requires the manager to calculate which course of action,among alternatives,will result in the greatest benefit for the company and all workers.
Annual Premium
The amount of money that must be paid once a year to maintain an insurance policy or similar financial product.
Endowment Policy
An insurance policy that pays a specified sum to the policyholder upon a certain date, or to the beneficiaries upon the policyholder's death.
Straight-life Policy
A type of life insurance policy that provides coverage for the policyholder's entire lifetime, with fixed premiums and no expiration.
Maximum Loan
The highest amount of money that a lender agrees to lend to a borrower under specific terms.
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