Which of the Following Statements Is (Are)true Regarding Renters Insurance

question 37

Multiple Choice

Which of the following statements is (are) true regarding renters insurance?
I.Renters insurance is needed if you rent a house,but is not needed if you rent an apartment.
II.The ISO renter's policy provides open perils ("all-risks") coverage on the insured's personal property.

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

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Definitions:

Corporate Income Tax

Taxes imposed on the income or profit of corporations and other business entities by government authorities.

Outlet Stores

Retail stores that sell products directly from manufacturers at reduced prices, often overstock or discontinued lines.

Return On Total Assets

A measure of the profitability of assets, without regard to the equity of creditors and stockholders in the assets.

Sales

The transactions involving the exchange of goods or services for money, representing a critical source of revenue for businesses.