Specific disease and accident insurance policies are usually A) good buys, providing specific coverage at a low cost. B) expensive but desirable components of your health care coverage. C) poor buys, duplicating coverage provided by more necessary comprehensive insurance. D) recommended by financial planners for those with low incomes. ANSWER C
Under a traditional comprehensive health insurance, long-term care coverage typically includes A) only custodial care. B) only non-skilled nursing care. C) only skilled nursing care. D) all of the above ANSWER C
The author present information that suggests that there is little threat of new entrants in the retail industry. Indicate whether the statement is true or false ANSWER TRUE
As of 2012, the greatest threat to Walmart appeared to be in the ________ segment. A) online business B) grocery C) drug retailing D) general merchandise ANSWER A
An old will can A) be revoked by simply stating so in a new will. B) not be automatically revoked because of either marriage, divorce or the birth of a child. C) be revoked only with the consent of a probate judge. D) never be amended or changed. ANSWER A
Which of the following is a correct ordering of homeowners’ policies from the least to the most coverage? A) Basic Form HO-1, Broad Form HO-2, Special Form HO-3. B) Basic Form HO-1, Special Form HO-3, Broad Form HO-2. C) Special Form HO-3, Basic Form HO-1, Broad Form HO-2. D) Special Form HO-3, Broad Form HO-2, […]
The long-run overall outlook for growth in the retail segment of the economy is ________ the economy as a whole. A) equal to B) less than C) greater than D) this question was not addressed by the author. ANSWER A
A corporation and a limited partnership are similar in that each passes profits or losses to its owners for tax purposes. Indicate whether the statement is true or false ANSWER FALSE
“Major medical” insurance typically includes A) first-dollar coverage on all medical expenditures. B) reimbursement for hospital expenses. C) coverage for a restricted list of major injuries and illnesses. D) extensive dollar coverage after health care expenses exceed significant deductibles. ANSWER D
Qualified retirement plans provide the same tax advantages as non-qualified plans, but they are preferred because they are generally much safer. Indicate whether the statement is true or false ANSWER FALSE
