Calculate the Amount to Be Paid by the Insurance Company

question 54

Short Answer

Calculate the amount to be paid by the insurance company for the claim. $$\begin{array} { l l l l l } \text { Replacement } & & & & \text { Amount of Loss } \\\text { Value of } & \text { Face Value } & \text { Coinsurance } & \text { Amount } & \text { Insurance Co. } \\\text { Building } & \text { of Policy } & \text { Clause } & \text { of Loss } & \text { Will Pay } \\\$ 2,000,000 & \$ 1,600,000 & 80 \% & \$ 800,000 &\end{array}$$

Grasp the concept of website stickiness and how it is measured.

Recognize the profiles and behaviors of online consumers.

Understand the reasons consumers shop and buy online.

Identify the advantages of bots and electronic shopping agents in online shopping.

---

Definitions:

Industrial Market

The market for goods, services, and supplies used in the production of other goods and services rather than for personal consumption.

Individual Quick Freeze

A food preservation process that rapidly freezes individual pieces of food, preserving freshness, texture, and flavor.

North American Industry Classification System

A classification system used by business and government to categorize and measure economic activity in the United States, Canada, and Mexico.

Six-Digit Coding

A detailed classification method, often referring to systems like the Harmonized System for classifying traded products, using six-digit codes to identify specific items.