Which of the Following Statements Is True of an Insurable

question 40

Multiple Choice

Which of the following statements is true of an insurable interest in goods?

• A) Buyers have an insurable interest in goods at the moment they pay for the goods.
• B) Buyers have an insurable interest in goods at the moment they get the title to the goods.
• C) Sellers have an insurable interest in goods at the moment the goods are identified to the contract.
• D) Sellers have an insurable interest in their goods as long as they have title to the goods or a security interest in them.

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Definitions:

Organizational Strategies

Plans or methodologies applied by businesses or institutions to reach goals, optimize performance, and manage resources efficiently.

Efficiency

The ratio of the useful work performed by a machine or in a process to the total energy expended or heat taken in.

Productivity

The measure of efficiency in which goods and services are produced, often evaluated by the output per unit of input.

Employee Assistance Programs

Work-based intervention programs designed to assist employees in resolving personal problems that may affect their job performance, health, and well-being.