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NEW QUESTION: 1

A. Option C
B. Option B
C. Option A
Answer: A

NEW QUESTION: 2
If your property Insurance has Replacement Cost Valuation (RCV) clause your damaged property will be compensated:
A. Based on new, comparable, or identical item for old regardless of condition of lost item
B. Based on value of item one month before the loss
C. Based on the value listed on the Ebay auction web site
D. Based on the value of item on the date of loss
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The term replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. The replacement value coverage is designed so the policyholder will not have to spend more money to get a similar new item. For example: when a television is covered by a replacement cost value policy, the cost of a similar television which can be purchased today determines the compensation amount for that item.
Incorrect Answers:
A: The Replacement Cost Value is not the value of the item on the data of loss. The value on the date of loss is called Actual Cash value.
C: The Replacement Cost Value is not the value of the item one month ago. Replacement Cost Valuation is the cost to replace the damaged item.
D: Replacement Cost Valuation has no reference to any value on Ebay. Replacement Cost Valuation is the cost to replace the damaged item.
References:
https://en.wikipedia.org/wiki/Replacement_value

NEW QUESTION: 3
The following SAS program is submitted:

Which statement is true about the output data set?
A. The label of the variable Jobcode is Job Desc (only the first 8 characters).
B. The label of the variable Jobcode is Job Description.
C. The label of the variable Jobcode is Job (only the first word).
D. Labels can only be defined in PROC steps. The program fails to execute due to errors and the data set is not created.
Answer: B