Which of the Following Statements Are False

question 62

Multiple Choice

Which of the following statements are false?
i.Professional entities provide standardised service
ii.Professional entities provide customised service.
iii.Mass service entities provide standardised service.iv.Mass service entities provide customised service.

• A) i and iv
• B) ii and iv
• C) iii and iv
• D) i and ii

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Definitions:

Replacement Rate

The ratio of a retiree's pension benefit to their earning before retirement, often used to measure the adequacy of retirement income.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Market Rate

The prevailing price or interest rate in the market for goods, services, or securities.

Interest

The payment made for the use of (borrowed) money.