Darla Purchased an Unendorsed Homeowners 3 Policy

question 44

Multiple Choice

Darla purchased an unendorsed Homeowners 3 policy.While the policy was in force,a fire occurred that destroyed a living room set.The living room set cost $4,000 new,but was 25 percent depreciated when the loss occurred.Replacement furniture will cost $4,400.Assuming no deductible,how much will Darla receive from her insurer?

• A)$3,000
• B)$3,300
• C)$3,400
• D)$4,400

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Definitions:

Corporate Culture

The shared values, beliefs, and practices that characterize an organization and influence its employees' behavior and attitudes.

Job Control Unionism

A labor movement strategy focusing on gaining control over work conditions, job distribution, and employment terms through collective bargaining.

Scientific Management

A management theory focusing on improving work efficiency through systematic observation, measurement, and restructuring of workflow processes.

Managerial Decisions

Choices made by managers or executives within organizations that influence direction, operations, and outcomes, based on analysis and judgement.