The Business Income and Extra Expense Coverage Form Covers Loss

question 16

Multiple Choice

The business income and extra expense coverage form covers loss of business income and continuing normal operating expenses.How is business income (revenue) defined?

• A)total sales
• B)total sales less cost of goods sold
• C)pre-tax net profit
• D)after-tax net income

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Definitions:

Agricultural Products

Goods derived from farming and agriculture, including crops and livestock.