Which of the Following Statements About the Building and Personal

question 47

Multiple Choice

Which of the following statements about the building and personal property coverage form is (are) true?
I.A limited amount of coverage is provided for pollutant cleanup and removal at the described premises if the release or discharge of the pollutant results from a covered cause of loss.
II.Fire department service charges are specifically excluded because they are a normal cost of doing business.

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

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Definitions:

Financial Performance

Refers to the measure of how well a firm is using its assets to generate earnings.

Corporate Social Responsibility

A business model in which companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Shareholders

Individuals or entities that own shares in a corporation, giving them a stake in the company's assets and sometimes influence over its management.

Ethical Role Models

Individuals who exhibit high moral standards and ethical behavior, serving as examples for others to emulate.