Which of the Following Forms Is Used to Insure Buildings

question 30

Multiple Choice

Which of the following forms is used to insure buildings that are under construction?

• A)builders risk coverage form
• B)floor plan coverage form
• C)new construction coverage form
• D)labor and materials coverage form

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Definitions:

Excise Tax

This is a tax levied on specific goods, services, or transactions, usually to discourage their use or generate revenue from specific sectors.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.

Product Supply Curve

A graphical representation showing the relationship between the price of a product and the quantity of the product that a supplier is willing and able to supply.