Solve the Problem. -Assume That You Have a Car Worth $6000 and You

question 288

Multiple Choice

Solve the problem.
-Assume that you have a car worth $6000 and you wish to insure it for its full replacement value if It is stolen. If there is a 2% chance that the car will be stolen, what would a fair premium price be?

• A) $107.41
• B) $134.77
• C) $122.45
• D) $126.45

Understand the various perspectives and theories of ethical behavior in business.

Identify what constitutes ethical dilemmas and how they manifest in professional settings.

Recognize the importance of ethical behavior in enhancing corporate culture and stakeholder relationships.

Differentiate between the moral-rights view, utilitarian view, justice view, and individualism view of ethics.

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.

Acquisition

The initial learning of the connection between the unconditioned stimulus and the conditioned stimulus when these two stimuli are paired.

Association

A connection or linkage between thoughts, ideas, feelings, or memories, influenced by experiences or learning.

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of non-exposure to the conditioned stimulus.