Which of the Following Statements About Dwelling Property 3 (Special

question 38

Multiple Choice

Which of the following statements about Dwelling Property 3 (special form) is (are) true?
I.Personal property is covered only for those perils specifically named in the policy.
II.The dwelling and other structures are covered on an "open perils" (all risks) basis.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Manufacturing Operations

Processes involved in the production of goods, encompassing all activities from raw material procurement to final product delivery.

Product Cost

The total of all costs associated with making a product, including raw materials, labor, and overhead.

Factory Machinery

Refers to the set of equipment and mechanical devices used in a manufacturing plant to produce goods.

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons, often used as a power source.