Solve the Problem. -Golden Oaks Apartments Has a Replacement Cost of $202,000 and of $202,000

question 57

Multiple Choice

Solve the problem.
-Golden Oaks Apartments has a replacement cost of $202,000 and is insured for $121,000. A fire loss is for $14,000. Find the amount of loss paid by the company. Assume an 80% coinsurance clause.

• A)$8,400
• B)$11,200
• C)$14,000
• D)$10,483

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Definitions:

Authentic Leadership

A positive form of leadership that involves being true to oneself.

Self-Awareness

The conscious knowledge of one’s own character, feelings, motives, and desires, essential for personal development and growth.

LMX

Leader-Member Exchange, a theory focusing on the dyadic relationships between leaders and followers, emphasizing the quality of these interactions.

OCB

Organizational Citizenship Behavior; voluntary actions of employees that are not part of their formal job requirements but contribute to the organization's effectiveness.