Joan Raft Had Taken Out an $80,000 Fire Insurance Policy

question 63

Short Answer

Joan Raft had taken out an $80,000 fire insurance policy for her new shop at a rate of $.81 per $100. Seven months later, Joan canceled the policy and decided to move the shop to a new location. What refund did she receive?

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Definitions:

Teaching Morals

The process of educating individuals, especially children, about ethics, values, and principles of right and wrong behavior.

Moral Decision Making

The process of determining the ethicality of a decision based on personal values, societal norms, and the potential outcomes.

Kohlberg

Refers to Lawrence Kohlberg, a psychologist known for his theory of moral development based on the concept of moral reasoning.

Family-Centered Approach

An approach in service delivery that emphasizes the importance of family engagement and partnership in decisions related to a child's development, healthcare, and education.