Suppose Janet,a Skilled Neurosurgeon,became Unable to Perform Surgery Because of Severe

question 94

Multiple Choice

Suppose Janet,a skilled neurosurgeon,became unable to perform surgery because of severe arthritis.Which of the following is true?

• A)If Janet has a disability policy with an "own occupation" definition of disability, she will probably collect some benefits.
• B)If Janet has a disability policy with an "own occupation" definition of disability, the insurer will provide coverage only if Janet would not be able to perform another type of job such as teaching or consulting.
• C)If Janet has a disability policy with an "any occupation for which reasonably suited" definition of disability, the insurer will attempt to determine if there is another job for which Janet is suited and is still able to perform.
• D)If Janet has a disability policy with a presumptive disability clause for loss of hands, she will probably collect some benefits.
• E)​Both a and c are true.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Misleading

Presenting information in a way that creates a false impression or misconstrues facts, often to deceive.

Overproduction

Overproduction occurs when more goods are produced than are demanded by the market, often leading to excess inventory and wastage of resources.

Lost Sales

Revenue that was not earned due to an inability to meet customer demand or because the customer chose a competitor's product.