INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 36

Essay

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-Jim drove his car into a home and wiped out the car in front of him,the home,and a pedestrian.Jim has auto liability insurance of 25/50/10.He also has medical payments coverage of $1,000 and a $250 deductible on his collision coverage.The following damage resulted:
How much will Jim's auto insurance coverage pay for this accident? How much will Jim be personally responsible for?

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Definitions:

Fellow Consumers

Other customers who purchase and use the same products or services, whose opinions and behaviors can influence individual buying decisions.

Business Environment

The combination of external and internal factors that influence a company's operating situation, including economic, legal, technological, and social aspects.

Potential Opportunities

Prospects or chances that could be developed into actual or beneficial situations in the future.

Macroenvironmental Factors

Aspects of the external environment that affect a company’s business, such as the culture, demographics, social trends, technological advances, economic situation, and political/regulatory environment.