Which of the Following Liability Risks Would Be Adequately Managed

question 49

Multiple Choice

Which of the following liability risks would be adequately managed by errors and omissions insurance?

• A) liabilities arising from performance of obligations of corporate directors and officers
• B) liabilities arising from negligence in the provision of professional services
• C) insured's portion of the loss that is insured against out of his/her own assets
• D) cost of environmental cleanup of the insured's property arising from business activities

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Definitions:

Criterion Variable

The variable that is predicted or explained in a study, often considered the outcome or dependent variable.

Dialog Box

A small window that prompts the user to provide information or make decisions within a software interface.

Slope

The determination of how steep or inclined a line is, identified by the relationship between its vertical shift and horizontal shift when examining two specific points on the line.

Intercept

In linear regression, it is the expected value of the dependent variable when all predictors are equal to zero.