Bookworm Sales Have Been Down for the Last Year Due

question 15

Multiple Choice

Bookworm sales have been down for the last year due to new competition from a national chain and Waata is understandably concerned. He recently called his insurance agent to see if this downturn in sales was covered by his business policy. The agent, Will B. Safe, told Waata

• A) he could submit a claim and most likely the company would cover it.
• B) market risks are uninsurable and in fact, his business policy does not cover those.
• C) personal risks such as the decrease in his store's sales are not insurable.
• D) the company would definitely cover Waata's losses.

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Definitions:

Subtraction

A mathematical operation that represents the operation of removing objects from a collection.

Pendulum Clock

A clock that keeps time by using a swinging weight, or pendulum, as its timekeeping element.

Complete Cycle

A full sequence of events that returns to the starting point or condition, often referred to in contexts like oscillations or business cycles.

Two Decimal Places

A numerical representation precise to two digits to the right of the decimal point.