A Property Insurance Policy Which States Just the Maximum Amount

question 3

Multiple Choice

A property insurance policy which states just the maximum amount that will be paid by the insurer for any property is known a(n) .

• A)named peril policy
• B)valued policy
• C)open policy
• D)floating policy

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Definitions:

Bullwhip Effect

The phenomenon in supply chains where small variations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.

Bullwhip Effect

A phenomenon in supply chains where small changes in consumer demand cause larger and more amplified fluctuations in orders and inventory levels up the supply chain.

Profitability

A financial metric indicating the degree to which a company or project generates income or profit compared to its costs and investments.

Product Availability

The degree to which products are in stock and ready to be sold or delivered to customers, impacting customer satisfaction and sales.