Which of the Following Types of Legal Liability Coverage Is

question 34

Multiple Choice

Which of the following types of legal liability coverage is most likely to have a "long tail" problem,and thus be insured under a claims-made contract?

• A)water craft liability
• B)auto liability
• C)contractual liability
• D)products liability

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Definitions:

Organizational Architecture

The structure and systems in place within an organization that shape its behavior and performance.

Decision Initiation

The process of beginning the process of making a choice or determining a course of action.

Decision Control

Those aspects of the decision process in which managers either ratify or monitor decisions.

Free Rider

An individual who benefits from resources, goods, or services without paying for them, leading to an economic problem in public goods and services provision.