If You Cause an Accident Resulting in $2000 Damage to Your

question 71

Multiple Choice

If you cause an accident resulting in $2000 damage to your car and have collision coverage with $500 deductible, which of the following statements is true?

• A)Your insurance company will pay $2000 and your insurance premiums will go up $500.
• B)You will pay $1500.
• C)Your insurance company will pay $1500.
• D)The other insurance company will pay $500 and our company will pay $1500.

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Definitions:

Nonmanagerial Employees

Workers who do not hold supervisory or managerial positions and are typically responsible for executing specific tasks and operations.

Hardship Premium

A hardship premium (also called a foreign service premium) is an additional financial incentive offered to individuals to entice them to accept a “less than attractive” international assignment.

Recruiting Firm

A company that specializes in identifying, attracting, and placing candidates in suitable job positions.

Qualified Managers

Individuals who possess the required skills, experience, and qualifications to effectively oversee and direct a team or organization.