An Insurance Policy That Often Is the Least Expensive to the Insured

question 65

Multiple Choice

An insurance policy that often is the least expensive to the insured because of the policy does not include a savings plan is called

• A)term life.
• B)universal life.
• C)whole life.
• D)endowment life.

Understand the concept of the digital divide and its societal implications.

Know the basics of a sharing economy and collaborative consumption models.

Grasp the importance of perception in AI systems for sensory data collection and processing.

Distinguish between human and machine responses using tools like the Turing test.

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Definitions:

Probability Sampling

A sampling method in which every member of the population has a known, non-zero chance of being selected.

Sampling Technique

The method or process used to select samples from a population for research purposes.

Judgmental Sampling

A sampling technique where the researcher selects sample members based on their own judgment about which ones will be most representative or informative.

Chain Referral

A sampling method where existing study subjects recruit future subjects from among their acquaintances.