If You Have a $2,000 Claim Resulting from a Fire

question 75

Multiple Choice

If you have a $2,000 claim resulting from a fire in your home and your policy stipulates that your deductible is $500, then the insurance company will pay you

• A)$2,000
• B)$1,500
• C)$1,000
• D)$500
• E)$2,500

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Definitions:

Supplier

An entity that provides goods or services to another organization, typically within a supply chain or production process.

Shareholder

An individual or entity that owns shares in a corporation, making them partial owners and entitling them to dividends and certain rights regarding company governance.

Marketing Information System

A structured system of managing and analyzing marketing data that supports business decision-making related to marketing activities.

Geographic Area

A defined physical space, region, or territory where a business operates or targets its marketing efforts.