Which of the Following Is not an Indirect Loss

question 50

Multiple Choice

Which of the following is not an indirect loss?

• A) Loss of rental income after a flood
• B) Continuing expenses during a shutdown after a loss
• C) Extra expenses after a loss to keep the business going
• D) Loss of inventory in a flood

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Definitions:

Fourteenth Amendment

An amendment to the US Constitution that grants citizenship to everyone born or naturalized in the USA and guarantees all citizens equal protection under the law.

Due Process Rights

Due process rights are legal guarantees ensuring fair treatment through the judicial system, including the right to a fair trial and the right to be heard.

Corporate Shareholders

Individuals or entities that own shares in a corporation, giving them rights to dividends and a say in company matters.

Operating Agreement

A contract among members of a Limited Liability Company (LLC) outlining the business's financial and functional decisions, including rules, regulations, and provisions.