Anything Permanently Attached to a Building Is Considered to Be

question 54

Multiple Choice

Anything permanently attached to a building is considered to be part of the building.But the phrase "whether or not attached to buildings" makes carpeting, domestic appliances, awnings, outdoor antennas, and outdoor equipment _____ losses.

• A)Coverage A-Dwelling
• B)Coverage B-Other Structures
• C)Coverage C-Personal Property
• D)Coverage D-Loss of Use
• E)Coverage E-Additional Coverages

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Definitions:

Fringe Benefits

Additional benefits offered to employees on top of their salaries, such as health insurance, retirement plans, and paid vacation.

Labor Market

The supply and demand for labor, where employees provide the labor, and employers provide the jobs.

Equilibrium

A condition where the supply and demand in the market are equal, leading to stable prices.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.