What Options Must a Business Owner Decide Upon When Considering

question 26

Multiple Choice

What options must a business owner decide upon when considering property insurance?

• A) getting coverage for replacement value or actual cash value
• B) getting coverage for the various forms of perils that are insurable by law
• C) negotiating a non cancellation or severability clause
• D) negotiating to remove the exclusion clauses that fall within the intent of the policy

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Definitions:

Turning Torque

The rotational force applied to an object to cause or prevent turning around an axis or pivot.

Attraction Forces

Forces that cause particles or bodies to move toward one another, attributed to various physical phenomena like magnetism or gravity.

Magnetic Field

A field around a magnetic material or a moving electric charge within which the force of magnetism acts.

Law of Charges

A fundamental principle stating that like charges repel and opposite charges attract, with the force of attraction or repulsion decreasing with distance.