Which of the Following Is (Are)included in the Common Declarations

question 3

Multiple Choice

Which of the following is (are) included in the common declarations page of a commercial package policy?
I.A description of the insured property
II.A listing of the causes-of-loss that are covered by the policy

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Favouritism

The practice of giving unfair preferential treatment to one person or group at the expense of another.

Employee Ownership

A business model where employees have a significant stake in the company through stock ownership or share options, often leading to higher engagement and loyalty.

Profit Sharing

A company policy of distributing a portion of its profits to its employees.

Management Theories

Conceptual frameworks that aim to explain and guide the practice of management in organizations.