Which of the Following Statements About the Commercial Crime Insurance

question 15

Multiple Choice

Which of the following statements about the commercial crime insurance policy is true?

• A)Loss from the unauthorized disclosure of confidential information is covered.
• B)Theft committed by the named insured or his/her partners is covered.
• C)Inventory shortages are only covered if proof of loss depends on an inventory computation or on a profit and loss computation.
• D)Indirect losses,such as loss of profits after a business is closed because of a burglary,are excluded.

Apply knowledge to determine the book value of assets after a certain period of depreciation.

Illustrate how different factors like salvage value, cost, and useful life affect depreciation calculations.

Explain the concept of the Modified Accelerated Cost Recovery System (MACRS) for tax purposes.

Understand the relative size and challenges of the American economy in the early 21st century.