In Schedule Rating,each Building Is Individually Evaluated Based on Several

question 2

Multiple Choice

In schedule rating,each building is individually evaluated based on several rating factors.One factor refers to the possibility that the building will be damaged or destroyed by a fire that starts at an adjacent property and spreads to the building.This rating factor is known as

• A)occupancy.
• B)protection.
• C)maintenance.
• D)exposure.

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Definitions:

Method

A systematic way of accomplishing something.

Cost-Volume-Profit Analysis

A financial analysis tool that helps determine how changes in costs and sales volume affect a company's profit.

Multiproduct Firm

A company that produces and sells more than one product or service, thereby diversifying its offerings and potentially reducing risk.

Produces and Sells

The activities involved in manufacturing goods and then selling them to customers.