XYZ Company Insured Its Building on a Replacement Cost Basis

question 8

Multiple Choice

XYZ Company insured its building on a replacement cost basis for $450,000 under a property insurance policy that included an 80 percent coinsurance clause.The building had a replacement cost of $500,000 when it sustained a $50,000 loss.How much will XYZ Company receive from its insurer,assuming no deductible applies?

• A)$42,500
• B)$45,000
• C)$50,000
• D)$56,250

Recognize the role of self-interests and collective vision in leadership.

Analyze leadership effectiveness using the Blake Mouton Grid.

Comprehend the impact of leader's behavior on leadership success.

Understand the concept of shared and empowering leadership.

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Definitions:

Covert Crime

Illegal activities that are conducted in secrecy or disguised to avoid detection by law enforcement and public notice.

White-collar Crime

Non-violent crime committed by individuals, typically during the course of their occupation, for financial gain.

Copyright Infringement

The violation of the exclusive rights granted to the creator of original work, by unauthorized reproduction or use.

Incarceration

Incarceration is the confinement of people in jails, prisons, or other correctional facilities as a legal punishment for committing crimes.