XYZ,IncWould Suffer Serious Financial Consequences If Either of Its Two

question 38

Multiple Choice

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

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Definitions:

Precipitation Reaction

A precipitation reaction is a chemical reaction in which soluble ions in separate solutions react to form an insoluble compound that settles out of solution as a solid precipitate.

Limiting Reactant

The limiting reactant is the substance in a chemical reaction that is completely consumed first, thereby determining the maximum amount of product that can be formed.

Wax

A diverse class of organic compounds that are malleable at slightly higher temperatures than room temperature and mainly consist of hydrocarbons.

Theoretical Yield

The maximum amount of product that could be formed from given amounts of reactants in a chemical reaction, assuming no losses.