Albert Left His Vehicle Parked on the Street in the Front

question 43

Multiple Choice

Albert left his vehicle parked on the street in the front of his house when he went on vacation. While he was gone, his street flooded and his car was severely damaged. This damage would be covered under his

• A) Uninsured motorist's protection.
• B) Property damage liability coverage.
• C) Collision coverage.
• D) Comprehensive physical damage coverage.
• E) Bodily injury liability coverage.

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Definitions:

Net Present Value

A financial measure that determines the net present value by subtracting the total outgoing cash flows from the incoming cash flows over a certain time period.

Telecommunications Equipment

Hardware used in the transmission, reception, and processing of data and communication signals.

Investment

The allocation of resources, such as time, money, or effort, in hope of generating a future return or profit.

Internal Rate

Often referred to as the internal rate of return (IRR), it is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.