Chapter 9 - Review (Vehicle Transportation)
Flashcard
•
Mathematics
•
12th Grade
•
Easy
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a driver-rating factor?
Back
A driver-rating factor is a numerical value used by insurance companies to assess the risk associated with a driver based on their driving history, age, and other factors.
2.
FLASHCARD QUESTION
Front
What does 100/200 bodily injury insurance mean?
Back
It means the insurance covers up to $100,000 for bodily injury per person and up to $200,000 for total bodily injury per accident.
3.
FLASHCARD QUESTION
Front
How do you calculate the total lease cost of a vehicle?
Back
Total Lease Cost = (Monthly Payment x Number of Months) + Deposit + Title Fee + License Fee.
4.
FLASHCARD QUESTION
Front
What is the base price of a vehicle?
Back
The base price is the manufacturer's suggested retail price (MSRP) for the vehicle without any additional options or fees.
5.
FLASHCARD QUESTION
Front
What is a destination charge?
Back
A destination charge is a fee that covers the cost of transporting the vehicle from the manufacturer to the dealership.
6.
FLASHCARD QUESTION
Front
How do you calculate the total rental cost of a vehicle?
Back
Total Rental Cost = (Daily Rate x Number of Days) + (Cost per Mile x Total Miles Driven) + Gas Costs.
7.
FLASHCARD QUESTION
Front
What is the formula to calculate cost per mile?
Back
Cost per Mile = Total Cost of Rental / Total Miles Driven.
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