Robin Plans to Open a Bar in a High-Crime Area

question 33

Multiple Choice

Robin plans to open a bar in a high-crime area.She had difficulty obtaining insurance for the business.She found an insurer willing to write the coverage,but only if Robin agreed to have a security alarm system in operation at all times when the business is closed.Robin's promise to have a security alarm system operational as a condition of having the insurance coverage in force is a

• A)binder.
• B)warranty.
• C)waiver.
• D)deductible.

---

Definitions:

Labor Hired

The process of employing individuals to perform various tasks within a business or organization.

Inputs Employed

The resources, including labor, capital, and materials, used in the production of goods and services.

Additional Revenues

Income received that is above and beyond the standard or expected revenue streams.

Hiring Employee

The process of finding, selecting, and appointing suitable candidates for jobs within an organization.