The Two Most Common Causes of Warehousing Fires in Recent

question 69

Multiple Choice

The two most common causes of warehousing fires in recent years have been those caused by electrical distribution and lighting equipment and ___________.

• A)those caused by lightning strikes
• B)those that were intentionally set
• C)those that resulted from the heat source being too close to combustibles
• D)those where cutting or welding took place too close to combustibles

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Definitions:

Compensating Balance

A minimum account balance that a borrower is required to maintain with a lender as a condition for a loan, intended to compensate the bank for providing the loan or credit line.

Effective Interest Rate

The actual return on an investment or the actual cost of a loan, taking into account the compounding of interest over time, as opposed to the nominal interest rate.

Short-Term Bank Loan

A loan obtained from a bank that has a short repayment period, typically less than one year.

Best Course of Action

The most suitable or advantageous strategy or decision to take in a given situation.