Which of the Following Is True in Relation to Insurable

question 135

Multiple Choice

Which of the following is true in relation to insurable interest?

• A)Shareholders do not have a sufficient interest in the assets of a corporation to take out insurance on them and receive compensation if they are damaged or destroyed.
• B)If Chuck takes out insurance on his ex-wife's home and it burns down,he will be able to collect from the insurance company.
• C)If Joe has an insurable interest in property,he will likely enjoy an insurance windfall in the event of a loss of that property.
• D)If Sam arranges a comprehensive,all-risk insurance policy,this will guarantee that he holds an insurable interest in the insured property.
• E)If Mr.Cole takes out the proper insurance on his home and it burns down,he will be able to collect from the insurance company.

Comprehend the definitions and implications of terms like race, ethnicity, and socioeconomic status in psychological research.

Recognize the impact of societal constructs and norms on the development of psychological theories.

Identify the role and limitations of descriptive studies in psychological research.

Critically evaluate the use of cultural constructs and their validity across different populations.

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Definitions:

Tangible Factor

A quantifiable element that can be physically touched or measured, influencing outcomes or decisions.

Social Responsibility

The ethical framework that an individual or organization should act in a way that benefits society at large.

Pay

Compensation or salary received by an employee in exchange for their labor or services provided to an employer.

Learning Opportunities

Situations or programs designed to facilitate the acquisition of knowledge, skills, and competencies in a specific area of interest.