MrKwong Has Made a Decision to Buy a State of the Art

question 2

Multiple Choice

Mr.Kwong has made a decision to buy a state of the art widescreen television.Which of the following circumstances may make Mr.Kwong change his mind?

• A) the attitude(s) of others
• B) the perceived risk of buying the product
• C) uncontrollable factors, such as inadequate financing
• D) after Mr. Kwong agrees to by the television, the sales person continues to demonstrate the benefits associated with Mr. Kwong's choice
• E) all of these choices are correct

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Definitions:

Premiums

Payments made regularly to an insurance company for coverage, often monthly or yearly.

Coinsurance Clause

A provision in an insurance policy that determines the percentage of the cost a policyholder is responsible for after the deductible is met.

Insurance Coverage

The amount and type of protection provided by an insurance policy against various risks or damages.

Coinsurance Clause

A provision in insurance policies requiring the policyholder to bear a portion of the costs of a claim, promoting shared risk.