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Identify the System That Classifies Every U

question 28

Multiple Choice

Identify the system that classifies every U.S. neighborhood into one of 15 groups. Each group is further divided into 3 to 6 segments, with a total of 66 distinct segments in the system. Each group and segment is based on zip codes.


Definitions:

Subrogation

The legal right for an insurer to pursue a third party that caused an insurance loss to the insured.

Subscription

A payment for a service or product that is provided over a period of time, typically regularly (such as monthly or annually).

Watered Stocks

Shares of a company that have been issued at a price far greater than the asset value of the company, leading to an inflation of the company's market value without an increase in actual capital.

Fair Market Value

The price a willing, informed, and not under pressure buyer would pay to a willing, informed, and not under pressure seller in the market.

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