Which of the Following Statements About the Personal Property Coverage

question 44

Multiple Choice

Which of the following statements about the personal property coverage (Coverage C) of the Homeowners 3 policy is (are) true?
I. There are special limits of liability that apply to certain types of personal property.
II. The full amount of coverage applies only if the property is permanently located at any residence of the insured.

• A) I only
• B) II only
• C) both I and II
• D) neither I nor II

---

Definitions:

Holacracy

A decentralized management and organizational approach where decision-making is distributed through self-organizing teams rather than through a traditional managerial hierarchy.

Circles

Groups or gatherings of individuals with a shared purpose, interest, or connection.

Virtual Organization

A business model characterized by a network of remote collaborations and communications among individuals or groups, enabled by digital technologies, without a centralized physical office.

Strategic Control

The process of monitoring and assessing the suitability of a strategy against the organizational goals and making necessary adjustments.