Which of the Following Statements About the Extra Expense Coverage

question 22

Multiple Choice

Which of the following statements about the extra expense coverage form is (are) true?
I.It provides coverage for the increased cost that must be paid to continue operations during a period of restoration.
II.It provides coverage for lost business income if a key customer or key supplier experiences a loss.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Encoding

The process of converting information or ideas into a symbolic form that can be conveyed through communication.

Communication Medium

The channel or method used to convey information or messages from one entity to another, including digital, oral, written, and non-verbal forms.

Communication Channel

The medium through which a message is transmitted from sender to receiver.

Conventional Promotion

Traditional methods of marketing or advertising, such as print ads, television commercials, or billboards.