Mutually Exclusive Options_____

question 2

Multiple Choice

Mutually exclusive options_____.

• A) are a set of options in which only one can be selected at a time
• B) can be represented by CheckBoxes
• C) can be represented by RadioButtons
• D) Both b and c.
• E) Both a and c.

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Definitions:

Coinsurance Clause

A provision in insurance policies requiring the policyholder to bear a portion of the costs of a claim, encouraging insured parties to avoid excessive claims.

Replacement Value

The cost to replace an asset or property at its current value, without deduction for depreciation, at the time of loss.

Indemnity

A legal principle involving security or protection against financial liability or loss.

False Statements

Deliberately untrue assertions made by someone, which can sometimes be a legal offence if made in certain contexts.