What Type of Insurance Would Provide Payment in Circumstances Where

question 10

Multiple Choice

What type of insurance would provide payment in circumstances where the insured is held legally responsible for causing the loss or damage to a third party?

• A) business interruption insurance
• B) property insurance
• C) life and disability insurance
• D) liability insurance

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Definitions:

Organizational Culture

The shared beliefs, values, norms, and practices that shape the social and psychological environment of a business or organization.

Formal Informal Communication

Describes the two spectrums of communication in organizations; formal communication follows official channels and protocols, whereas informal communication occurs spontaneously and without organizational hierarchy.

Written Rules

Formal regulations or guidelines that are documented and established for governance or conduct.

Democratic Leadership

A leadership style in which members of a group take a more participative role in the decision-making process.