Which of the Following Statements Is CORRECT

question 159

Multiple Choice

Which of the following statements is CORRECT?

• A) If some cash flows occur at the beginning of the periods while others occur at the ends, then we have what the textbook defines as a variable annuity.
• B) The cash flows for an ordinary (or deferred) annuity all occur at the beginning of the periods.
• C) If a series of unequal cash flows occurs at regular intervals, such as once a year, then the series is by definition an annuity.
• D) The cash flows for an annuity due must all occur at the beginning of the periods.
• E) The cash flows for an annuity may vary from period to period, but they must occur at regular intervals, such as once a year or once a month.

---

Definitions:

Good Wishes

Expressions of hope for someone's well-being, happiness, or success.

Freebies

Items given away at no charge, often for promotional purposes.

Bad-news Message

A communication technique used to convey unfavorable or negative information in a diplomatic way.

Empathy

Being able to grasp and sympathize with the emotions of another by seeing things from their standpoint.