Which of the Following Is One of the Main Characteristics

question 19

Multiple Choice

Which of the following is one of the main characteristics of a whole-life insurance policy?

• A) It furnishes protection for a limited number of years.
• B) Nothing is paid in case of survival.
• C) It provides insurance protection over one's entire lifetime.
• D) It terminates with no maturity value.
• E) The face amount of the policy is payable only if the insured's death occurs during the stipulated term.

---

Definitions:

Strategic Fit

The alignment of organizational strategies, resources, and capabilities with the external environment to achieve competitive advantage.

Responsiveness Spectrum

A range indicating the degree to which a system or process can adjust quickly to changes or demand without compromising quality or performance.

Supply Chain Strategies

Comprehensive plans and approaches used by businesses to manage the flow of goods, information, and finances across the supply chain efficiently and effectively.

Mitigating Uncertainty

The strategies and actions taken to reduce the unknown factors or volatility in operations, supply chain, and market environments.