Which of the following is a reason for involving in decision making the people who are going to be affected by its results?
A) The decision-making process will not be partial or biased toward anyone.
B) They will be more committed to meeting standards that they themselves have created.
C) The degree of difficulty will neither be too difficult nor too ambitious.
D) They will be more accepting of losses and failures if they are involved from the start.
Answer: B
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All of the following are required for a deed to be valid EXCEPT
A) Date B) Legal description C) Name of the grantee D) Signature of the grantee
Which of the following statements about covered perils and loss settlement under an unendorsed Homeowners 3 policy is true?
A) The dwelling is covered on a named-perils basis. B) Personal property losses are settled on an actual cash value basis. C) Losses to the dwelling are always settled on an actual cash value basis. D) Personal property is covered on an open-perils basis.