Which of the following losses would be covered under the personal liability coverage (Coverage E) of an unendorsed Homeowners 3 policy?
A) liability arising out of the manufacture and sale of illegal narcotics
B) liability arising out of damage to a neighbor's property that occurred over time
C) liability arising out of a business operated in the home.
D) liability arising out of bodily injury to an insured
Answer: B
You might also like to view...
Gershwin, a musical toy for toddlers, is in the maturity stage of the product life cycle, and Gershwin managers have decided to modify the product. What will Gershwin managers most likely do to achieve this goal?
A) change distributors B) offer coupons for the toy C) change the packaging of the toy D) launch an online advertising campaign E) cut prices of the toy to attract new customers
Under the net method of recording purchases, the Discounts Lost account is used when the purchaser fails to take a discount offered by the seller.
Answer the following statement true (T) or false (F)
Which of the following statements regarding variances is false?
a. In determining the Total Cost of Ownership (TCO), purchasing agents include not only the cost of an item but also freight, tax charges, and discount terms. b. The specifications for materials, including both quality and quantity are included in a product material requisition form. c. Method-times-measurement is used to help determine labor standards. d. In determining labor standards, the cost of items such as holiday pay and employer paid FICA are not included.
Which of the following is true of a direct notice of termination?
A) It is only applicable in employer-employee relationships. B) It is given to all persons with whom an agent dealt. C) It can only be given orally. D) It is only executed after the death of either the agent or the principal.