Nicole Has a Weekend Home on Pecan Island That She

question 2164

Multiple Choice

Nicole has a weekend home on Pecan Island that she purchased in 2013 for $250,000. Recently, the home was appraised at $260,000. After the appraisal, a hurricane hit Pecan Island, severely damaging Nicole's home. The hurricane was declared a federal disaster. An appraisal placed the value of the home at $140,000 after the hurricane. Because of its prohibitive cost, Nicole had no hurricane insurance. Before any reductions or limitations, Nicole's casualty loss amount is

• A) $140,000.
• B) $120,000.
• C) $0.
• D) $10,000.

---

Definitions:

Timely Resolution

The act of resolving issues or problems within an appropriate or expected time frame.

Discrimination Charges

Legal claims filed against individuals or organizations who are accused of unfair treatment based on race, sex, age, or other protected characteristics.

Comparable Worth

The concept that jobs of equal value to an organization should receive the same level of compensation, regardless of the job holder's gender or other demographics.

Employee Surveillance

The monitoring of employee activities and behaviours in the workplace using various methods and technologies.