Which of the Following Is NOT One of the Four

question 7

Multiple Choice

Which of the following is NOT one of the four basic aspects of an insurance contract?

• A)nature of the risk covered
• B)amount of the premium
• C)amount of insurance coverage
• D)duration of the protection
• E)designation of the beneficiary

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Definitions:

Environmental Performance

A measure of how well an individual, organization, government, or other entity is performing in relation to environmental goals, standards, or regulations.

Grand Plan

A comprehensive scheme or strategy designed to achieve a major or overall goal.

Hawthorne Effect

A psychological phenomenon in which individuals improve or modify their behavior in response to their awareness of being observed.

Lean Operation

A methodology focused on minimizing waste within manufacturing systems while simultaneously maximizing productivity.