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STATE FARM PACKAGE DEAL|GRADED A|GUARANTEED SUCCESS
STATE FARM PACKAGE DEAL|GRADED A|GUARANTEED SUCCESS
[Show more]STATE FARM PACKAGE DEAL|GRADED A|GUARANTEED SUCCESS
[Show more]The formula for determining the area of a trapezoid is: 
 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
Preview 2 out of 7 pages
Add to cartThe formula for determining the area of a trapezoid is: 
 
Select the single best answer: 
A. [(Base1 + Base2) ÷ 2] x Height 
B. ½ Base x Height 
C. Base x Height 
D.
Competitive Bids 
The competitive bid process requires that two or more repairers submit competitive estimates or 
"bids" for a specific repair job. The amount of the low, complete bid is generally considered to 
be the "competitive" price and is used as the basis for settlement. In all cases, t...
Preview 2 out of 6 pages
Add to cartCompetitive Bids 
The competitive bid process requires that two or more repairers submit competitive estimates or 
"bids" for a specific repair job. The amount of the low, complete bid is generally considered to 
be the "competitive" price and is used as the basis for settlement. In all cases, t...
ACV 
actual cash value 
 
 
 
After Market Parts 
Parts produced by a 3rd party for use on automobiles. 
 
 
 
Betterment 
An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value 
 
 
 
BL 
Blend 
 
 
 
Blend 
This operation is equ...
Preview 2 out of 7 pages
Add to cartACV 
actual cash value 
 
 
 
After Market Parts 
Parts produced by a 3rd party for use on automobiles. 
 
 
 
Betterment 
An improvement made to and automobile that increases its value, rather than a repair that simply maintains its current value 
 
 
 
BL 
Blend 
 
 
 
Blend 
This operation is equ...
In property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
 
 
 
Peril is most easily defined as 
the cause of loss insured against 
 
 
 
What is a leading factor in the determination of actual cash value 
replacement c...
Preview 2 out of 5 pages
Add to cartIn property insurance actual cash value is defined as which of the following 
Replacement cost at the time of the loss, less depreciation 
 
 
 
Peril is most easily defined as 
the cause of loss insured against 
 
 
 
What is a leading factor in the determination of actual cash value 
replacement c...
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