Which of the Following Statements Is True of a Personal

question 22

Multiple Choice

Which of the following statements is true of a personal articles floater?

• A) The insured can insure specific body parts using this policy.
• B) The coverage includes insurance of intangible properties.
• C) The coverage does not include loss or damage caused during travel.
• D) The insurance company will charge an increased premium based on the articles insured.

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Definitions:

Short Run

A period in economics during which at least one input, such as plant and equipment, is fixed, focusing on immediate effects of economic decisions.

Marginal Revenue

The additional income generated from the sale of one more unit of a product or service.

Fourth Unit

In specific contexts, this could refer to the additional unit of a product or service in economic terms, implying the concept of incremental or marginal analysis.

Peak Efficiency

The highest level of operational effectiveness where an entity or process operates at maximum capacity with minimal waste and expense.