To Contract for a Policy of Insurance, One Must Have

question 10

Multiple Choice

To contract for a policy of insurance, one must have a(n) , or an interest in the nonoccurrence of the risk insured against.

• A)policy
• B)beneficiary
• C)insurable interest
• D)rider

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Definitions:

Extrinsic Factors

External elements or influences that affect behavior, motivation, and outcomes, such as rewards or punishments that are not inherently related to the activity being performed.

Intrinsic Factors

Elements or motivations originating from within an individual, driving behavior for the sake of personal satisfaction or fulfillment.

Productivity

Productivity measures the efficiency of production in terms of the amount of output produced per unit of input, such as labor or materials.

Job Morale

The overall sentiment, outlook, and satisfaction of employees in their workplace environment.