Which of the Following Statements Best Describes the 80 Percent

question 28

Multiple Choice

Which of the following statements best describes the 80 percent rule?

• A)Your home is covered for 80 percent of its original value,regardless of replacement cost.
• B)Your home is covered for replacement cost,provided the total premiums paid are less than 80 percent of the outstanding premiums due.
• C)Replacement cost coverage is only effective if your home is insured for at least 80 percent of its replacement cost.
• D)Your house cannot be replaced if its replacement cost is less than 80 percent of assessed market value.
• E)none of the above

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Definitions:

70-20-10 Model

A learning and development model suggesting that individuals obtain 70% of their knowledge from job-related experiences, 20% from interactions with others, and 10% from formal educational events.

Workplace Learning

The process of acquiring new skills or knowledge in a working environment, contributing to professional development.

Adult Learning

The practice of engaging adults in structured and deliberate learning activities, emphasizing the importance of how adults learn differently from children due to their vast experiences.

Self-Directed

A learning approach where individuals take charge of their own educational process, setting goals, materials, pace, and evaluation.