Which of the Following Types of Insurance Will Enable You

question 14

Multiple Choice

Which of the following types of insurance will enable you to continue to pay the bills if your business should be closed down by damage due to fire, flood, or other catastrophe?

• A) Credit insurance
• B) Business interruption or loss-of-income insurance
• C) Key-person insurance
• D) General liability insurance

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Definitions:

Franchise Outlet

A retail location operating under a licensed brand or business model granted by the franchisor.

Self-employed Service

A business model where individuals offer their skills and services directly to clients without being employed by a company, often requiring entrepreneurship and independence.

Entrepreneurial Success

The achievement of desired goals and outcomes as a result of starting and growing a business venture, often measured by revenue, growth, and influence.

Classic Entrepreneurs

Individuals who start businesses with the goal of innovation and growth, often driven by a desire to create new market opportunities.