Which of the Following Is an Example of Incomplete Information

question 43

Multiple Choice

Which of the following is an example of incomplete information?

• A)A seller losing out on profits because the market price rises above the pre-contracted price.
• B)An insurer refuses to bear the complete cost of a treatment.
• C)An insured car driver driving carelessly on the highway.
• D)A new household appliance starts malfunctioning after two weeks.

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Definitions:

Economically

Pertains to the manner in which resources are used and managed in the production, distribution, and consumption of goods and services.

Fujita-Pearson Scale

A scale for classifying the intensity of tornadoes based on their wind speed and the damage they cause.

Documented

Information or events that have been recorded, written down, or otherwise preserved as evidence.

Plagiarism

The practice of taking someone else's work or ideas and passing them off as one's own.