1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svetoff [14.1K]
3 years ago
12

When Lisa purchased her house, the mortgage lender required her homeowner's insurance to cover 100% of the loan amount. After ma

ny years, Lisa paid off her mortgage. If Lisa decided to comparison shop for homeowner's insurance now, what should the insurance coverage amount be based on…
A.The market value of the house
B.The appraised value of the house
C.The cost to rebuild the house
D.The original cost to build the house
Business
1 answer:
Anton [14]3 years ago
4 0
Answer is B. It must be t<span>he appraised value of the house.</span> If lisa decides to comparison shop now after many years of holding the mortgage along with its insurance, the new insurance quotes should be based on a coverage amount only on the outstanding mortgage balance as the principal balance will have reduced significantly since the original mortgage inception date.
 
You might be interested in
Some checking accounts require a minimum amount of money in the account or they charge point monthly fees?
QveST [7]

Answer:

True

Explanation:

4 0
2 years ago
The four level pyramid model revolves around which aspect of an organization? The four-level pyramid model revolves around the _
Damm [24]

Answer:

Hierarchy, Information Systems

Explanation:

The pyramid model of four level in an organization is based on and is depends on the various levels of the hierarchy systems or management in the organization.

These four level is of different types of the Information System in the organization.

1. First level : It is also known as Strategic level or Executive Information Systems.

2. Second level : It is also know as Management Level  or the Decision Support Systems.

3. Third level : Another term is Management Level or Management Information Systems.

4. Fourth Level : It is called the Operational Level or the Transaction Processing Systems.

6 0
3 years ago
If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms,.
nikitadnepr [17]

If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms, they will be unable to earn higher-than-normal profits in the long run.

<h3>What is a monopolistic competition?</h3>

A monopolistic competition is an industry characterised by many sellers of differentiated goods and services. A monopolistic competition has characteristics of both a monopoly and a perfect competition. A monopolistic competition sets the price for its goods and services. A monopolistic competition makes economic profit in the long run. An example of monopolistic competition are restaurants

A perfect competition is an industry characterized by many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. In the long run, firms earn zero economic profit due to no barriers to the entry and exit of firms.

Here are the options:

A. they will be unable to earn higher-than-normal profits in the short run. O B. they will wish to cooperate to make decisions about what price to charge.

OC. they will wish to cooperate to make decisions about what quantity to produce.

O D. they will be unable to earn higher-than-normal profits in the long run.

To learn more about monopolistic competition, please check: brainly.com/question/21052250

#SPJ1

6 0
1 year ago
Had the government taken over the assets of Global Trading without compensation, and not taken over the assets of any other comp
AlladinOne [14]

Answer: Expropriation

Explanation:

Expropriation means to take possession of a private property for public use.

Expropriation can be defined as the process by which government takes over private owned properties against the wishes of the owners.

Government takes over those properties with the aim of using them to benefit the public. The property owners might be compensated.

The government expropriate private properties sometimes, for infrastructural purpose such as airport, highway and railway.

Expropriated properties are usually taken against the wish of the private owners.

3 0
3 years ago
2. Why has the U.S. become a spending society?
aleksklad [387]
Geared to entice people to spend I think
7 0
2 years ago
Other questions:
  • In what circumstances would business expenses be passed on to a client?
    12·2 answers
  • Someone please help me!? :(
    14·1 answer
  • Monetary policy is defined​ as: A. The actions the Federal Reserve takes to manage tax policy and interest rates. B. The actions
    6·1 answer
  • Mark expects the value of currency X to appreciate in the near future. Hence, he delays the collection of payments from foreign
    15·1 answer
  • What are your ideas for creating jobs and getting people back to work?
    14·1 answer
  • First Fidelity Insurance received a call from Second Fifth Bank regarding Margaret Gessner, a former Fidelity employee. Gessner
    6·2 answers
  • A company's normal selling price for its product is $20 per unit. However, due to market competition, the selling price has fall
    10·1 answer
  • Which statement is false about the circular-flow diagram? A. Money flows in the direction opposite to goods and services and fac
    13·1 answer
  • What is fiat​ money?
    10·1 answer
  • You are taking a $5000 loan. You will pay it back in four equal amounts, paid every 6 months starting 5 years from now. The inte
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!