Which of the Following Is Not a Consideration in Determining

question 128

Multiple Choice

Which of the following is not a consideration in determining the amount of homeowner's insurance a person needs?

• A)Cover the entire replacement cost in the event of a complete loss.
• B)Match the insurance coverage of similar homes in your neighborhood.
• C)Protect against the effect of inflation eroding away your coverage.
• D)Purchase flood or earthquake coverage if you are in an area prone to these occurrences.
• E)Determine if detached structures are adequately covered under standard policies.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a common set of accounting rules and standards that companies follow when preparing financial statements in the United States.

Regulators

Authorities or governmental agencies responsible for overseeing the operation of markets, industries, or sectors, ensuring compliance with laws and regulations.

Compensation Committee

A subgroup within a board of directors responsible for establishing and reviewing policies on executive compensation and benefits.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.