All of the Following Are Commonly Excluded by Personal Umbrella

question 46

Multiple Choice

All of the following are commonly excluded by personal umbrella policies EXCEPT

• A)acts committed with the intent to cause bodily injury or property damage.
• B)professional liability.
• C)aircraft liability.
• D)libel,slander,and other types of personal injury.

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Definitions:

Revenue Variance

Revenue variance is the difference between actual revenue and budgeted or forecasted revenue, indicating the effectiveness of a company’s sales strategies.

Units Sold

The quantity of products or services sold by a company during a specific period of time.

Selling Price

The amount of money charged for a product or service, or the sum of the value that customers exchange for the benefits of having or using the product or service.

Revenue Variance

The difference between the actual revenue earned and the expected revenue that was budgeted for a specific period.