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NEW QUESTION: 1
Once the child reaches the vesting age, i.e. the age when the life assurance commences, he or she can claim cash option i.e. he can opt to receive the premium amount paid so far under the policy in case the policy is discontinued. This is possible under:
A. Childrens Whole Life assurance
B. Childrens forward assurance
C. Childrens deferred assurance
D. Childrens term-life assurance
Answer: C

NEW QUESTION: 2
What is the primary benefit of using modular rather than integral designs?
A. Lower cost of manufacturing
B. Reduced complexity of bills of material
C. Increased product performance
D. Greater responsiveness in marketing and production
Answer: D

NEW QUESTION: 3
Company ABC experienced a loss in the past when an employee in the treasury department was able to transfer $1.5 million to a personal account offshore. The company is working with a security agent to prevent this from happening in the future. ABC also accepts a large number of checks as payment. The agent has suggested upgrades to ABC's payment process. What step should be taken to help mitigate this type of risk in the future?
A. Set up international bank security.
B. Securely store check stock.
C. Implement dual approval.
D. Implement data security standards.
Answer: C