Match the Term with Its Definition

question 10

Multiple Choice

Match the term with its definition.
-A loss in which physical damage to property reduces its value to the property owner

• A)actual cash value (ACV)
• B)commercial general liability (CGL) insurance
• C)direct loss
• D)disability buyout insurance
• E)disability insurance
• F)indirect loss
• G)loss avoidance
• H)loss prevention
• I)loss reduction
• J)replacement value of property

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Definitions:

Business Leaders

Individuals in senior positions within companies who make strategic decisions, guide direction, and inspire employees toward achievement of organizational goals.

Mumford's Skills Model

A framework proposing that leadership effectiveness is a function of a leader's competencies in problem-solving skills, social judgement skills, and knowledge.

Competencies

Refers to the skills, knowledge, abilities, and behaviors that contribute to an individual's ability to perform a task or job effectively.

Leader Performance

The effectiveness with which a leader achieves the goals of an organization or team, often measured in terms of outcomes and follower satisfaction.