If the Purpose of an Insurance Policy Is to Protect

question 56

Multiple Choice

If the purpose of an insurance policy is to protect property from loss or damage,the insurance is ______ insurance.

• A) Material
• B) Loss
• C) Economic
• D) Business
• E) Property

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Definitions:

ERG Theory

A motivational theory proposed by Clayton Alderfer that categorizes human needs into existence, relatedness, and growth categories.

Satisfied Needs

The condition of having one's basic or specific desires fulfilled or met.

Motivational Impact

The effect of different factors on an individual's drive or incentive to perform tasks and goals.

Physiological Desire

A fundamental need stemming from the body's biological functions, such as hunger, thirst, or the need for sleep.