art mcqs

Life Insurance marketing differs from marketing of products and services because

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Life insurance needs to be sold, rather than bought
Life insurance is intangible unlike a tangible product
Value of life insurance is not seen at the time of purchase unlike a consumable product
All of the above
✅ The correct answer is D.
Life Insurance marketing differs from marketing of products and services because Life insurance needs to be sold, rather than bought, Life insurance is intangible unlike a tangible product and Value of life insurance is not seen at the time of purchase unlike a consumable product.

Cost which has occurred already and not affected by decisions is classified as

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sunk cost
occurred cost
weighted cost
mean cost
✅ The correct answer is A.
Cost which has occurred already and not affected by decisions is classified as sunk cost. A sunk cost is a cost that has already been incurred and cannot be recovered. A sunk cost differs from future costs that a business may face, such as decisions about inventory purchase costs or product pricing.

Type of cost which is used to raise common equity by reinvesting internal earnings is classified as

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cost of mortgage
cost of common equity
cost of stocks
cost of reserve assets
✅ The correct answer is B.
Type of cost which is used to raise common equity by reinvesting internal earnings is classified as cost of common equity. The cost of equity refers to two separate concepts depending on the party involved. If you are the investor, the cost of equity is the rate of return required on an investment in equity.