XYZ, Inc. would suffer serious financial consequences if either of its two major customers were shut down and could not purchase XYZ products

Which of the following types of consequential loss protection would provide protection against this exposure?
A) leasehold interest
B) extra expense
C) marine insurance
D) business income from dependent properties


Answer: D

Business

You might also like to view...

Max is a leader of a creative team at Ads-R-Us. Even though he has a creative team for making advertisements, he understands that great ideas can come from anywhere. He makes a point to let employees from other parts of the company know that their ideas are welcome. Max uses which flow of communication direction?

A. lateral B. horizontal C. downward D. upward

Business

Jason and Lucy prepared a household budget in an attempt to manage their money better. They prepared the following list: Monthly Income (after taxes) = $4,500; Monthly Expenses (Necessities), which include Rent: $550, Auto Loan: $250, Student Loan: $200, Savings: $500, Food: $200; Total Monthly Expenses = $1,700; Amount Left Over = $2,800 (income less necessary expenses). The $2,800 they had left over is their ________.

A. disposable income B. discretionary income C. gross income D. profit E. personal income

Business

Josh was sued by his former business partner. He lost the case and has to pay his former partner $10,000. He has not yet done so and is refusing to do so

Josh is applying for a mortgage for a new home. Should he be worried about the lawsuit impacting his mortgage application? A) No, this kind of information is not contained on one's credit report. B) Absolutely, this kind of information is contained on one's credit report.

Business

Resource estimates may need to be revised based upon the skills of the actual person (or people) assigned to a particular ________

A) Activity B) Group C) Person D) Team

Business