Which of the Following Statements About Endorsements to the Homeowners

question 17

Multiple Choice

Which of the following statements about endorsements to the homeowners policy is (are) true?
I.The purpose of the inflation guard endorsement is to help prevent home owners from being under-insured.
II.The purpose of the watercraft endorsement is to provide coverage for watercraft when they are used outside the United States.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Corruption

The abuse of entrusted power for private gain, manifesting in various forms such as bribery, embezzlement, and nepotism, negatively affecting the efficiency and fairness of public and private sectors.

Economic Espionage

The illegal and covert activity of obtaining confidential economic information or trade secrets from competitors for competitive advantage.

Kickbacks

Illegal or unethical payments made in return for favors or services in business transactions, often seen as a form of bribery.

Utilitarianism

A personal moral philosophy that focuses on “the greatest good for the greatest number” by assessing the costs and benefits of the consequences of ethical behavior.