All of the Following Statements About Business Income Insurance Are

question 23

Multiple Choice

All of the following statements about business income insurance are true EXCEPT

• A)Business income is defined as total sales that would have been made if the loss had not occurred.
• B)Payroll is considered a continuing normal operating expense.
• C)Business income insurance does not cover the physical damage caused by a peril which created the interruption in business.
• D)The business income coverage form can be purchased with a coinsurance requirement.

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Definitions:

Trophic Levels

The levels in an ecosystem, representing a step in the food chain or food web, characterized by organisms that share the same function in the food chain and the same nutritional relationship to the primary sources of energy.

Natural Food Chains

A sequence of organisms each dependent on the next as a source of food, demonstrating the flow of energy and nutrients in an ecosystem.

Conversion Efficiency

A measure of how effectively a system converts input energy into output energy or work.

Food Pyramid

A visual representation to illustrate the recommended balance of different food groups in a healthy diet.