Tom Is Planning to Build a Home

question 36

Multiple Choice

Tom is planning to build a home.He is weighing many factors,including construction materials,location,and other considerations.Which of the following statements is true with regard to homeowners insurance and Tom's new home?

• A)The higher the construction costs are in the area,the lower Tom's homeowners insurance premiums will be.
• B)The lower the homeowners deductible selected,the lower the premium will be.
• C)Older homes cost more to insure than newer homes.
• D)A wood frame home costs less to insure than a brick home.

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Definitions:

Status and Resources

The social standing or prestige of an individual or group and the assets that enable them to fulfill their goals or needs.

Mate Choice

Mate Choice refers to the process in which individuals select their partners, often based on factors that indicate genetic fitness, resource availability, and compatibility.

Southeast Asia

A region located east of the Indian subcontinent and south of China, known for its diverse cultures, languages, and histories.

Scandinavia

A region in Northern Europe, typically including the countries of Norway, Denmark, and Sweden, known for its rich history, cultural heritage, and social welfare systems.