Match the Term with Its Definition

question 100

Multiple Choice

Match the term with its definition. Some terms may not be used.
-A contractual clause that requires one party to assume the financial consequences of another party's legal liabilities

• A)Business interruption insurance
• B)Business owner's policy
• C)Commercial general liability insurance
• D)Disability insurance
• E)Indemnification clause
• F)Key-person life insurance
• G)Package policy
• H)Personnel risks
• I)Proximate cause
• J)Reasonable standard
• K)Workers' compensation insurance

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Definitions:

External Environment

Refers to the outside factors and influences that can affect the performance and operation of a business, including economic, political, technological, and social elements.

Opportunities

Chances or prospects for advancement, progress, or profit in various contexts.

Threats

Potential negative circumstances or events that could harm an organization, its operations, or assets.

Competitive Advantage

The unique attributes or capabilities that allow an organization to outperform its competitors.