Which of the Following Statements About the Commercial Crime Insurance

question 15

Multiple Choice

Which of the following statements about the commercial crime insurance policy is true?

• A)Loss from the unauthorized disclosure of confidential information is covered.
• B)Theft committed by the named insured or his/her partners is covered.
• C)Inventory shortages are only covered if proof of loss depends on an inventory computation or on a profit and loss computation.
• D)Indirect losses,such as loss of profits after a business is closed because of a burglary,are excluded.

---

Definitions:

Validity

The degree to which a tool, test, or study accurately measures what it is intended to measure or achieves what it intends to achieve.

Reliability

The degree to which an assessment tool produces stable and consistent results across different occasions.

Standardization

The process of making something conform to a standard in order to ensure consistency and comparability.

Intelligence Testing

the assessment of an individual's range of cognitive abilities, aptitudes, and intellectual potential through various standardized tests.