What Is a Mortality Table

question 20

Multiple Choice

What is a mortality table?

• A) A table that lists the premiums that a person pays each month for life insurance.
• B) A table that lists the probability of a person of a particular sex and age dying before his or her next birthday.
• C) A table that lists the probability of a person of a particular sex and age discontinuing insurance due to illness.
• D) A table that lists the probable causes of death of a person based on his or her sex and age.

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Definitions:

Loss

A decrease in net income that occurs when expenses exceed revenues, investments diminish in value, or assets are lost or damaged.

Investing Activities

Transactions involving the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Financing Activities

Transactions involving long-term liabilities, stockholders' equity, and changes in short-term loans that affect a company's cash flow.

Note Payable

A written agreement to pay a specific sum of money, usually including interest, at a future date.