The ____________ Method to Settle Claims Is Based on the Current

question 53

Multiple Choice

The ____________ method to settle claims is based on the current replacement cost of a damaged or lost item less depreciation.

• A)replacement value
• B)actual cash value
• C)umbrella
• D)endorsement
• E)personal articles endorsement

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Definitions:

Profitable to Develop

Refers to projects or initiatives that are expected to yield a financial gain upon development or implementation.

Complicated Technology

Advanced and often sophisticated technology that may be difficult to understand or operate.

Simple Technology

Technology that is straightforward, easy to use, and not complicated by advanced features, often implying a lower level of sophistication.

Costs

Expenses incurred in the production of goods or services, including but not limited to materials, labor, and overhead.