John Has an Auto Which Is Covered for Collision Losses

question 23

Multiple Choice

John has an auto which is covered for collision losses subject to a $250 deductible.Kate's auto also has collision coverage but her deductible is $500.Which of the following statements describes how a $2,000 collision loss will be paid if it occurs when John borrows Kate's car because his car is in the shop for repairs?

• A)John's policy will pay $1,500,and Kate's policy will pay nothing.
• B)John's policy will pay $1,750,and Kate's policy will pay nothing.
• C)Kate's policy will pay $1,750,and John's policy will pay nothing.
• D)Kate's policy will pay $1,500,and John's policy will pay $250.

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Definitions:

Organizational Performance

Is the measurement of an organization's efficiency, effectiveness, and ability to achieve its goals and objectives, often evaluated through financial outcomes, productivity, and competitiveness.

Big Five Dimensions

A model outlining five broad dimensions used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability.

Conscientiousness

A personality trait characterized by thoroughness, diligence, and the desire to do one’s work well.