Which of the Following Statements About the Business Income Coverage

question 32

Multiple Choice

Which of the following statements about the business income coverage form is true?

• A)Business income is defined as gross earnings before taxes.
• B)Payroll is excluded unless it is specifically added.
• C)The form covers loss of business income and extra expenses incurred during restoration.
• D)The form can be used by a manufacturing operation only.

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Definitions:

Benefit Questions

Questions asked by a salesperson to prompt potential buyers to think about how a product or service could specifically benefit them.

Close

In sales, the final step of the process where the salesperson secures agreement from the customer to proceed with the purchase.

Salesperson

An individual who sells products or services, often directly interacting with customers to facilitate sales.

Summary-Of-Benefits Close

A sales technique where the salesperson summarizes the product's benefits and features as a final effort to secure the sale.