The Needs Approach to Determining the Amount of Life Insurance

question 4

Multiple Choice

The needs approach to determining the amount of life insurance considers

• A) family income.
• B) paying off debts.
• C) special financial needs.
• D) liquidity.
• E) all of these.

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Definitions:

Conglomerate Merger

A type of merger where two or more companies in unrelated business sectors combine.

Monopolizing

involves the domination of a market by a single producer or company, reducing competition and potentially controlling prices and supply in that market.

Abusive Means

Practices or methods that are harmful, manipulative, or intended to exploit or oppress individuals or groups.

Herfindahl Index

A measure of market concentration that calculates the sum of the squares of the market shares of the firms within an industry, used to assess the competition level.