Variable Life Differs from Universal Life in That

question 82

Multiple Choice

Variable life differs from universal life in that

• A)variable life has an investment component and universal life does not.
• B)universal life has an investment component and variable life does not.
• C)variable life's cash value depends on an underlying portfolio of financial investments.
• D)variable life provides a guaranteed investment return.

Recognize the importance of distribution and branding in marketing strategies.

Grasp the concept of derived demand and its significance in business products.

Understand the classification and promotion strategies for unsought products.

Comprehend the characteristics and marketing strategies of specialty products.

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Definitions:

Structure of Personality

The organized pattern of behaviors and attitudes that distinguishes an individual and that is formed by the integrated components of id, ego, and superego in psychoanalytic theory.

Cattell

Raymond Cattell, a psychologist known for his work in personality, intelligence theory, and factor analysis.

Social Desirability

The tendency of respondents to answer questions in a manner that will be viewed favorably by others.

Discriminant Validity

A form of validity that ensures a test measures what it is supposed to measure, and not something else, by demonstrating little correlation with variables from which it should differ.