Which of the following statements is TRUE concerning the Businessowners policy?
a. The BOP is a type of package policy that prepackages a group of coverage desirable to small businesses.
b. The BOP permits insureds to select the coverage parts to be included in the policy.
c. The BOP provides coverage only for the real and business personal property of insureds.
d. The BOP provides coverage for medium- to large-sized businesses.
Ans: a. The BOP is a type of package policy that prepackages a group of coverage desirable to small businesses.
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a. $25. b. $50. c. $75. d. $100.
At the home improvement store Home Fits, there is an area at the back that has one of three categories of merchandise throughout the year. From January through March, the area has organization and garage storage merchandise; from April through September, it has lawn, garden, and patio merchandise; and from October through December, it has Christmas merchandise. This special section at the store is an example of a(n)
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The term deficit is used to refer to a debit balance in which of the following accounts of a corporation?
A) Retained Earnings B) Treasury Stock C) Organizational Expenses D) Common Stock
Of all forms of dispute resolution, which one probably offers the strongest "win-win" potential because its goal is voluntary settlement?
A)litigation B)arbitration C)jurisdiction D)mediation