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:

Endodermis

The innermost layer of cells in the root cortex that regulates the transfer of water and nutrients from the soil into the vascular system of plants.

Vascular Bundles

Structures in plants that contain xylem and phloem tissues, responsible for conducting water, nutrients, and sugars throughout the plant.

Pollen Grains

Microscopic particles produced by the male parts of flowers, which are necessary for the fertilization of plants through pollination.

Cotyledons

Seed leaves in plants that emerge during germination and are the first leaves to appear.