The following options are examples of information except?
area of a circle
circumference of a circle
perimeter of a rectangle
plain shape of a rectangle
Correct answer is D
No explanation has been provided for this answer.
One difference between data and information is that ?
data is meaningful while information is not meaningful
data are raw facts and figures while information is computed
information is independent of data while data is dependent on information
information is the raw material while data is the end product of information
Correct answer is B
No explanation has been provided for this answer.
term assurance
pure endowment
whole life insurance
personal accident insurance
Correct answer is A
A term assurance policy will be set up to last for a certain period of time (usually a specific number of years or until you reach a certain age): this is known as the term of the policy. A payment will only be made in the event of your death during that period.
Examples of quantitative data type are?
continuous and discrete
local and foreign
nominal and ordinal
primary and secondary
Correct answer is A
No explanation has been provided for this answer.
insurable interest
utmost good faith
indemnity
contribution
Correct answer is C
Indemnity is a comprehensive form of insurance compensation for damages or loss and, in the legal sense, it may also refer to an exemption from liability for damages. Indemnity is considered to be a contractual agreement between two parties whereby one party agrees to compensate the loss occurred to the other party (indemnity holder) due to the act of the indemnitor or any other party.