Peter Bought the Old Whiteacre Mansion for $100,000

question 20

Multiple Choice

Peter bought the old Whiteacre mansion for $100,000.Due to the fact that it had an antique carved façade and other unique features inside the house, it would cost Peter $120,000 to replace the house if it were destroyed by fire.Peter, however, only insured it for $70,000.A fire from the stove destroyed the kitchen, which incurred an actual loss of $1,000.The cost of replacing the kitchen, however, is $4,000.If he had an 80% coinsurance clause in his homeowner's policy, Peter would receive:

• A)the full $4,000.
• B)less than the $4,000 loss because Peter's insurance coverage was less than 80% of the purchase price of Whiteacre.
• C)less than the full $4,000 loss because Peter's insurance coverage was less than 80% of the full replacement cost of Whiteacre.
• D)nothing, because--since Peter insured Whiteacre for less than 80% of the home's replacement value--he can collect on the policy only if there is a total loss.

Identify the therapeutic approaches that utilize behavioral modification through observational learning and role-play.

Recognize the application of aversion therapy in modifying undesirable behaviors.

Understand the contributions of behavior therapies in treating specific psychological disorders.

Familiarize with cognitive-behavioral interventions for managing anxiety and stress.

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Definitions:

Psychological Disorders

A wide range of conditions that affect mood, thinking, and behavior, often leading to distress or impairment in daily life.

Twelve-step Programs

A set of guiding principles outlining a course of action for recovery from addiction, compulsion, or other behavioral problems.

Technological Multitasking

The act of handling multiple technology-based tasks at the same time, such as texting while browsing the internet.

Regain Control

The act of taking back command or dominion over a situation or aspect of one's life that had previously been lost or diminished.