All of the Following Are Coverage Options Under the Physical

question 25

Multiple Choice

All of the following are coverage options under the physical damage coverage in the Business Auto Coverage Form EXCEPT

• A)comprehensive coverage.
• B)specified causes-of-loss coverage.
• C)collision coverage.
• D)property damage liability coverage.

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Definitions:

Fixed Cost Elements

Costs that do not change with the level of production or sales activity within a certain range or over a certain period.

Telephone Costs

Expenses related to the usage of telecommunication services by a business, categorized as utility expenses and recorded in the income statement.

Margin Of Safety

The difference between actual or projected sales and the break-even point, measuring operational risk and efficiency.

Fixed Costs

Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance.