If You Have a Loss Due to a Flood

question 42

Multiple Choice

If you have a loss due to a flood,

• A) Your homeowner's insurance should normally cover the loss.
• B) You must have already purchased special coverage if you live in an area that has frequent floods in order to be covered.
• C) FEMA (Federal Emergency Management Agency) will automatically provide coverage if this is your second flood loss.
• D) You need an umbrella policy for coverage.
• E) Your additional living expenses coverage will apply if you move to an area that has not flooded in one year.

Understand the role and influence of non-governmental organizations in promoting democracy and human rights.

Evaluate the effects of political risks on businesses and how they navigate these challenges.

Understand various capital investment evaluation methods and their application.

Calculate and interpret the average rate of return for investment projects.

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Definitions:

Standard Deviation

An indicator of the degree of variation or spread within a collection of numbers.

Variability

The extent to which data points in a data set differ from each other and from the mean.

Range

The difference between the highest and lowest values in a data set.

Coefficient of Variation

A normalized measure of dispersion of a probability distribution, calculated as the ratio of the standard deviation to the mean, usually expressed as a percentage.