The Basic Assumptions That the Company Used to Compute Its

question 151

Multiple Choice

The basic assumptions that the company used to compute its life insurance premiums include all but

• A) age
• B) sex
• C) health status
• D) income
• E) none of the above

---

Definitions:

Personal Accomplishment

A feeling of pride or fulfillment resulting from achieving something through one's own efforts or skills.

Utilitarian Needs

Describes consumer needs that are driven by practical, functional, and rational motives rather than emotional or aesthetic reasons.

Hedonic Needs

Hedonic needs are consumer desires for products or experiences that provide pleasure, enjoyment, or aesthetic satisfaction.

Goal Attainment

The achievement of desired outcomes or objectives through planned action or strategy.