Which of the Following Does Not Represent a Usual Way

question 22

Multiple Choice

Which of the following does not represent a usual way to measure the amount recoverable when there has been a successful claim on an insurance policy?

• A)The market value of the subject matter of the insurance at the time of the loss or destruction.
• B)The amount required to replace the subject matter of the insurance.
• C)The amount required to repair the subject matter of the insurance.
• D)The amount it would cost to buy the subject matter of the insurance at the time the claim is resolved.

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Definitions:

Exchange Relationship

Interaction between two parties involving the provision of goods, services, or sentiments in return for something of value.

LMX

Leadership-Member Exchange, a theory focusing on the dyadic relationships between leaders and followers, influencing many outcomes in the organizational context.

Social Exchange Theory

A theoretical framework suggesting that social behavior is the result of an exchange process aiming to maximize benefits and minimize costs.

LMX Differentiation

The degree to which leaders in the Leader-Member Exchange (LMX) theory develop different quality relationships with different subordinates.