Which of the Following Best Explains Why Approximately One-Third of Households

question 109

Multiple Choice

Which of the following best explains why approximately one-third of households in the United States do not have life insurance?

• A) People like to focus on more enjoyable events.
• B) There is no immediate financial benefit.
• C) People don't want to make the periodic payments.
• D) People don't want to think about it.

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Definitions:

Without Reserve

An auction term indicating that the item for sale will be sold to the highest bidder, regardless of the bid amount, with no minimum price set.

Auction

A public sale in which goods or property are sold to the highest bidder.

Revocation

The act of officially withdrawing, cancelling, or reversing a decision, offer, or statement.

Counteroffer

A response to an original offer which modifies conditions or proposes new terms, effectively rejecting the initial offer and becoming a new proposal in the negotiation process.