Which of the Following Items Are Required in Calculating Your

question 53

Multiple Choice

Which of the following items are required in calculating your life insurance need?

• A)annual income and approximate expenses.
• B)emergency fund.
• C)financial needs.
• D)liquid assets.
• E)annual income and approximate expenses, emergency fund, financial needs, and liquid assets.

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Definitions:

Special Order

A one-time order that is not considered part of the company’s normal ongoing business.

Opportunity Costs

The benefits a person or business foregoes by choosing one alternative over another.

Idle Capacity

Unused production capability within a manufacturing plant or business operation, often due to lack of demand or inefficiency.

Drop a Product

The decision by a company to cease the production and sale of a particular product.