The Property of Lance's Garage Is Worth $90,000

question 2

Multiple Choice

The property of Lance's Garage is worth $90,000. Lance has a fire insurance policy of $40,000 that contains an 80% coinsurance clause. On a fire that causes $60,000 of damage, the insurance company pays:

• A)$27,777.78
• B)$27,777.87
• C)$33,333.33
• D)$33,330.00
• E)None of these

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Definitions:

Murray's Theory

A theory of personality developed by Henry Murray, focusing on human needs and the interplay between them, the environment, and one's history.

Unconscious Drives

Motivations for behavior that a person is not aware of, which are believed to stem from hidden or suppressed desires and conflicts.

Need-Press Personality Theory

A psychological framework that suggests an individual's personality is formed by the interaction between their personal needs and the demands or pressures of their environment.

SASSI

A self-report instrument used to assess individuals for substance dependency, providing insights into patterns of substance misuse.