Adjusting the Annual Cost of Automobile Insurance Based on Mileage

question 29

Multiple Choice

Adjusting the annual cost of automobile insurance based on mileage driven is an example of ________ pricing.

• A)personalization
• B)trigger
• C)utilization
• D)fixed

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Definitions:

Legal-Rational Authority

Is typical of modern societies. It derives from respect for the law. Laws specify how a person can achieve office. People generally believe laws are rational. If someone achieves office by following laws, people respect his or her authority.

Pierre Elliott Trudeau

A former Prime Minister of Canada known for his charismatic leadership, implementation of the Official Languages Act, and promotion of Canadian unity.

Charismatic Authority

Is based on a belief in the claims of extraordinary individuals that they are inspired by a god or some higher principle.

Western Political Sociologists

Scholars from Western countries who study the social aspects of politics, including the distribution of power and resources, political behavior, and institutional organization.