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:

Duplex Mind

The duplex mind concept suggests that the human mind has two operational systems: one that is automatic, unconscious, and fast, and another that is controlled, conscious, and slower.

Cultures

Cultures encompass the shared values, beliefs, norms, customs, laws, and knowledge of a group of people that guide their behaviors and understanding of the world, passed from generation to generation.

Nature

The physical world and ecosystem surrounding us, including plants, animals, landscapes, and environmental processes.

Shared Ideas

Thoughts, concepts, or notions that are commonly or mutually held, understood, or accepted by a group of people.