Which of the Following Statements Is True About a Business

question 22

Multiple Choice

Which of the following statements is true about a business owners policy?

• A)It is an outgrowth of the capital asset program.
• B)It provides coverage for inland transportation and specialized equipment.
• C)It provides options to value property at actual cash value, agreed value, or (for buildings) functional replacement cost.
• D)In this policy, the bulk of the premium goes toward costs of inspection and loss control.
• E)It can be purchased either on a named-perils or an open-risk basis.

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Definitions:

Virus

A microscopic infectious agent that replicates only inside the living cells of other organisms and can cause diseases.

Caused

Refers to something that brings about an effect or result, indicating a relationship where one event is the reason something else happens.

Postmodern City

A city characterized by a complex and diverse social structure, architectural eclecticism, and a decentralized layout, reflecting the economic, social, and technological trends of the postmodern era.

Sociologists

Social scientists who study human societies, their interactions, and the processes that preserve and change them, focusing on structures, systems, and dynamics of social life.