David owns a commercial building with a replacement cost of $4 million. The building is insured on a replacement cost basis for $2.4 million under a fire insurance policy that has an 80 percent coinsurance clause
How much will David collect if the building sustains a covered fire loss with a replacement cost of $80,000?
A) $50,000
B) $60,000
C) $66,667
D) $80,000
Answer: B
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During which step of the needs-based segmentation process would the marketer group customers into segments based on similar needs and benefits sought by the customer in solving a particular consumption problem?
A) Step 2–segment identification B) Step 3–segment attractiveness C) Step 6–segment "acid test" D) Step 1–needs-based segmentation E) Step 7–marketing-mix strategy
Which of the following legal avenues was primarily used for addressing environmental concerns before the environmental legislation was enacted in the 1970s?
A. Criminal law B. Tort law C. Commercial law D. Contract law
Figure 4-5Figure 4-5 above depicts the Maslow ________.
A. psychosocial influences B. products pyramid C. ladder of effects D. motivation for preservation E. hierarchy of needs
A core competence
A. detracts from a company's arsenal of competitive capabilities and competitive assets and is not a resource strength considered to be genuine. B. is an activity that a firm performs proficiently that is also central to its strategy and competitive success. C. is often grounded in a single department's set of knowledge and expertise. D. is typically results-based, residing in a company's tangible physical assets on the balance sheet. E. is a proficiently performed external activity.