{"id":43806,"date":"2024-04-15T21:34:42","date_gmt":"2024-04-15T21:34:42","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=43806"},"modified":"2024-04-15T21:34:42","modified_gmt":"2024-04-15T21:34:42","slug":"most-suitable-basis-for-apportioning-insurance-of-machine-would-be","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/most-suitable-basis-for-apportioning-insurance-of-machine-would-be\/","title":{"rendered":"Most suitable basis for apportioning insurance of machine would be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Floor Area&#8221; option2=&#8221;Value of Machines&#8221; option3=&#8221;No of Workers&#8221; option4=&#8221;No of Machines&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is B. Value of Machines.<\/p>\n<p>The value of machines is the most suitable basis for apportioning insurance of machines because it is the most accurate way to determine the risk involved. The value of the machines will be directly proportional to the cost of replacing them if they are damaged or destroyed.<\/p>\n<p>The other options are not as accurate as the value of machines. Floor area is not a good basis for apportioning insurance because it does not take into account the value of the machines in the area. The number of workers is also not a good basis for apportioning insurance because it does not take into account the value of the machines that the workers use.<\/p>\n<p>Therefore, the value of machines is the most suitable basis for apportioning insurance of machines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Floor Area&#8221; option2=&#8221;Value of Machines&#8221; option3=&#8221;No of Workers&#8221; option4=&#8221;No of Machines&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-43806","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Most suitable basis for apportioning insurance of machine would be:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/most-suitable-basis-for-apportioning-insurance-of-machine-would-be\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Most suitable basis for apportioning insurance of machine would be:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Floor Area&#8221; 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