The Striking Dock Workers on the West Coast Refused to Unload

question 3

Multiple Choice

The striking dock workers on the west coast refused to unload the ships carrying merchandise for retail stores.These stores suffered loss of revenue during the Christmas season,their highest earnings period of the year.This revenue reduction is ________________ that ___________ covered by insurance.

• A)a direct loss,can be
• B)indirect loss,can be
• C)direct loss,cannot be
• D)indirect loss,cannot be

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Definitions:

Seller's Assets

Properties or financial resources owned by a seller, which can include inventory, buildings, equipment, or intellectual property.

Liabilities

Liabilities represent the financial obligations a company owes to outside parties, such as debt and accounts payable.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, indicating the net value owned by the shareholders.

Loan

A sum of money that is borrowed and expected to be paid back with interest by the borrower to the lender.