Random Selection Enhances ________ and Random Assignment Enhances ________

question 34

Multiple Choice

Random selection enhances ________ and random assignment enhances ________.

• A)Internal validity;internal validity
• B)External validity;external validity
• C)Internal validity;external validity
• D)External validity;internal validity

Understand the role and limitations of insurance agents and the principles guiding insurance law interpretations and applications.

Understand the concept of insurable interest and its significance in insurance contracts.

Identify the coverage scope of business interruption insurance.

Recognize the decision-making power of the insured and insurer regarding repairs or replacements of damaged goods.

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Definitions:

Incidental Damages

Expenses or losses that occur as a direct result of a breach of contract, distinct from direct damages.

Consequential Damages

A type of damages that arise not directly from a wrongful act but from the results of the act, which may not have been foreseeable.

Market Price

The current price at which an asset or service can be bought or sold in the open market.

C.O.D.

C.O.D. stands for Cash on Delivery; it is a transaction where payment is collected at the time of delivery rather than in advance.