Property Insurance Should Correspond to the Actual Value of the Property

question 80

Multiple Choice

Property insurance should correspond to the actual value of the property for all of the following reasons except

• A) if the property is insured for more, the insured will pay too high a premium.
• B) no insurance means no compensation for loss.
• C) if the property is insured for less, the insured will only receive partial compensation.
• D) if the property is insured for less, there is a danger of being a co-insurer.
• E) if the property is insured for more, there will be no compensation for loss.

Recognize the value of personal communication in workplace relationships.

Understand the definitions and applications of internal and external operational communication within an organization.

Comprehend the significance of visual literacy, social intelligence, and computational thinking in modern business contexts.

Identify major trends impacting current business practices, including corporate social responsibility and the importance of diversity.

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Definitions:

Newspapers

Publications printed on paper containing news, information, advertisements, and other content, typically published daily or weekly.

Small Businesses

Refer to independently owned and operated companies that are limited in size and revenue, depending on the industry and country.

Promotion Mix

A subset of the marketing mix that includes four main elements of marketing communication: advertising, sales promotion, personal selling, and public relations.

Persuade Customers

Involves techniques and strategies used by businesses to influence the buying behavior or decisions of potential and existing customers.