What Is the Difference Between Liability and Full Coverage Auto

question 66

Multiple Choice

What is the difference between liability and full coverage auto insurance?

• A)Liability insurance only covers the driver's legal responsibilities if they are at fault in an accident.
• B)Full coverage includes liability plus comprehensive coverage but not collision insurance.
• C)Liability,in general,costs more than full coverage.
• D)You are required by law to have full coverage until you are age 21.

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Definitions:

Location Decision

The process of selecting a site for a business based on factors like cost, logistics, market demand, and resources, critical for operational efficiency and profitability.

Efficiencies

The ability to accomplish a job with a minimum expenditure of time and effort. The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.

Production Processes

The sequence of operations or activities involved in the conversion of raw materials or inputs into finished goods or services.

Labour Costs

The total sum of all financial payments and benefits, including wages, salaries, and benefits, made to employees for their work.