The Comprehensive or Collision Premium of a Rolls-Royce in Relationship

question 33

Multiple Choice

The comprehensive or collision premium of a Rolls-Royce in relationship to a Chevy

• A)will be higher because a Rolls-Royce costs more than a Chevy.
• B)will be lower because Rolls-Royce drivers will be more careful.
• C)depends on the state insurance rate structure in which the car is insured.
• D)is a poor investment.

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Definitions:

Fundamental Attribution Error

The tendency to overestimate the effect of personality or disposition and underestimate the influence of situational factors when explaining others' behaviors.

False Consensus Effect

The tendency to overestimate the extent to which others share our beliefs, attitudes, and behaviors.

Younger People

Refers to individuals in the early stages of their life cycle, typically encompassing children, adolescents, and young adults.

Self-Handicapping

A strategy where people avoid effort in the hopes of keeping potential failure from hurting self-esteem.