Which of the Following Is not an Indirect Loss

question 10

Multiple Choice

Which of the following is not an indirect loss?

• A) Loss of income subsequent to a direct property loss
• B) Continuing expenses incurred during a shutdown after a direct property loss
• C) Extra expenses to keep a business operating after a direct property loss
• D) Production machine is destroyed due to fire

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Definitions:

Interest

The charge for borrowing money or the return on investment for funds on deposit, expressed as a percentage of the principal.

Withdrawals

The act of taking out funds from an account, trust, or deposit.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.

Withdrawals

In economic terms, withdrawals refer to the removal of money or resources from an economy, such as savings, taxes, or imports that decrease the flow of funds.