Question

How are participating products classified in terms of bonus accruals?

a.

Regular bonus only

b.

Interim bonus only

c.

Terminal bonus only

d.

All of the above

Answer: (d).All of the above Explanation:Participating products are classified into par products, and bonus accruals during the term include regular bonus, interim bonus, and terminal bonus.

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Q. How are participating products classified in terms of bonus accruals?

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