Commercial General Liability Insurance Covers

question 117

Multiple Choice

Commercial general liability insurance covers

• A)business interruption expenses.
• B)injury to customers.
• C)injury to employees.
• D)profession liability.

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Definitions:

Perpetual Inventory System

An inventory management method where stock levels are updated in real-time with every sale or purchase.

Merchandise

Goods that are bought and sold as part of business operations, typically in a retail or wholesale setting.

Credit

Credit refers to the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

Return of Merchandise

This is when customers return purchased goods to the seller, usually due to defects, dissatisfaction, or the desire for an exchange or refund.