Proponents of No-Fault Automobile Legislation Argue That the Tort-Liability Insurance

question 32

Multiple Choice

Proponents of no-fault automobile legislation argue that the tort-liability insurance system:

• A) pays too much for big claims and too little for small claims
• B) pays claims too quickly and passes the increased cost on to motorists
• C) encourages bad driving and accidents
• D) is not efficient in returning dollars to automobile accident victims

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Definitions:

Turnover

The rate at which employees leave a company and are replaced by new employees, affecting the company's performance and morale.

Decision-Making Error

Mistakes or flaws in the process of choosing between alternatives that can lead to suboptimal or harmful outcomes.

Salaries

Regular payments made to employees for their labor, typically expressed as an annual sum and paid in monthly or biweekly intervals.

Low Pay

refers to compensation for work that is considered insufficient according to industry standards, cost of living, or relative to the value of the work performed.