For Which of the Following Is a Subjective Measure Most

question 107

Multiple Choice

For which of the following is a subjective measure most appropriate?

• A) level of satisfaction of patient care in a hospital
• B) degree of improvement in closing sales in a real estate brokerage
• C) quality of a water supply
• D) reduction of waste in a manufacturing process

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Definitions:

Incontestability Clause

A provision in a life insurance policy that prevents the insurer from disputing the policy's validity after it has been in force for a certain period, typically two years, except under circumstances such as fraud.

State Laws

Laws that are enacted and enforced by individual U.S. states, as opposed to federal law.

Coverage

Coverage denotes the extent of protection provided under an insurance policy, detailing what losses are covered and to what extent.

Insurable Interest

A stake in the value of an entity or event for which an insurance policy is purchased to mitigate risk of loss.