Paul purchased a house and also purchased fire insurance coverage on the house. The policy contained an 80 percent coinsurance clause. Paul maintained coverage in the amount of $150,000 and the value of the house was $250,000. A fire caused a loss of $100,000. Paul will collect:
A)the full $100,000, because he had coverage for $150,000
B)only part of the $100,000 loss, because he failed to maintain coverage at 80 percent of the value of the house.
C)nothing, because he failed to maintain coverage at 80 percent of the value of the house.
D)80 percent of $250,000, or $200,000.
B
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Total cost for specific project durations is computed and then compared with the benefits of reducing project time, before the project begins or while it is in progress.
Answer the following statement true (T) or false (F)
Important economic base data for cities can be found in the _____
a. Federal Register b. American Community Survey c. Census of Population d. Editor & Publisher Market Guide
Edda receives a check for $100 from Sheldon. Sheldon has a balance of $3,600 in his checking account with Rosemund Bank. In this case, Edda is the ________
A) drawer B) drawee C) payer D) payee
One of the advantages of simulation is that:
A) real-world complications can be included that most OM models cannot permit. B) it always generates a more accurate solution than a mathematical model does. C) it is a repetitive approach that may produce different solutions in repeated runs. D) model development is less time consuming than for mathematical models. E) model solutions are transferable to a wide variety of problems.