A car damaged in an auto accident may have reduced market or resale value after it is repaired. Some insureds have sought to recover this reduction in market or resale value. This loss in value is called

A) gap coverage.
B) betterment.
C) diminution.
D) subrogation.

Answer: C

Business

You might also like to view...

Decisions concerning whether to use a Bayesian or traditional sampling approach, to sample with or without replacement, and to use nonprobability or probability sampling pertain to which step in the sampling design process (Figure 11

1 in the text)? A) Determine the sampling frame. B) Select a sampling technique(s). C) Determine the sample size. D) Execute the sampling process.

Business

All of the following statements about performance appraisals are true in Japan, except:

A) comments about performance are handled orally. B) the group or work team tends to be judged as a whole. C) evaluations occur annually. D) judgments are not usually challenged.

Business