____ Plans Are Used to Organize the Ongoing,day-To-Day Performance of Tasks

question 9

Multiple Choice

____ plans are used to organize the ongoing,day-to-day performance of tasks.

• A) Strategic
• B) Tactical
• C) Organizational
• D) Operational

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Definitions:

Coinsurance Clause

A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim.

Fair Market Value

The price at which property would exchange hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell.

Covered Peril

Risks or events that are specifically included as covered within an insurance policy, providing protection against losses from those events.

Coinsurance Clause

A provision in certain insurance policies requiring the policyholder to bear a specified percentage of the costs of covered services.