Which of the Following Statements Is TRUE

question 58

Multiple Choice

Which of the following statements is TRUE?

• A) Entropy is not a state function.
• B) Endothermic processes decrease the entropy of the surroundings, at constant T and P.
• C) Endothermic processes are never spontaneous.
• D) Exothermic processes are always spontaneous.
• E) None of the above is true.

Understand the concept of subrogation and its application in insurance claims.

Grasp the importance of disclosing relevant facts to insurers and the consequences of nondisclosure.

Learn how co-insurance clauses affect claims and indemnity payments.

Comprehend roles and responsibilities of insurance agents.

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Definitions:

Par Value

The nominal or face value assigned to a share of stock or a bond, used in legal documents and usually unrelated to market value.

Corporate Charter

A corporate charter is a legal document that establishes a corporation, setting forth its structure, powers, and objectives as granted by the state.

Issue Price

The price at which new shares, bonds, or other securities are offered to the public or the holders.

Cash Dividend

A payment of profits by a company to its shareholders in the form of cash, typically issued on a quarterly basis.