Which of the Following Is a Difference Between Life Insurance

question 24

Multiple Choice

Which of the following is a difference between life insurance companies and property and casualty insurance companies?

• A)Property and casualty policies are longer term.
• B)The types of policies offered by life insurance companies are less focused.
• C)Future compensation amounts to be paid on property and casualty policies are more difficult to forecast.
• D)Life insurance companies need to maintain a more liquid asset portfolio.

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Definitions:

Intrinsic Motivation

is the drive to engage in an activity for its own sake, deriving pleasure and satisfaction from the participation itself, not from external rewards.

Mastery of Tasks

The degree to which an individual has acquired the knowledge, skills, and abilities to proficiently perform specific tasks.

Self-perception Theory

A theory that suggests individuals develop their attitudes and feelings by observing their own behavior and concluding what attitudes must have caused it.

Social Learning

The process of acquiring new behaviors, attitudes, or skills by observing the actions and outcomes of others.