Which of the Following Statements Is Not True Concerning Comprehensive

question 127

Multiple Choice

Which of the following statements is not true concerning comprehensive and collision insurance?

• A) If you are financing a car, this insurance is required by the lender.
• B) Financially, it is advisable to take out the lowest deductible possible.
• C) You may want to drop this coverage on an older car that is not being financed.
• D) The deductible is really a form of self-insurance.

---

Definitions:

Strategic Alliance

A partnership that organizations join to pursue an area of mutual interest.

Business Agreement

A formal arrangement between two or more parties outlining terms and conditions related to business activities.

Joint Venture

A venture that operates in a foreign country through co-ownership by foreign and local partners.

Organic Forms

Organizational structures that are flexible, decentralized, and characterized by less formal rules and procedures, often adapting quickly to changes.