Brett Johnson Owns a Home in Yukon,Oklahoma

question 85

Multiple Choice

Brett Johnson owns a home in Yukon,Oklahoma.A babysitter he hires breaks her leg when she trips over the dog.What part of his homeowner's insurance would cover this loss?

• A)buildings and other structures
• B)additional living expenses
• C)personal property
• D)personal liability
• E)specialized coverage

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Definitions:

Shortage Costs

Costs incurred when demand exceeds supply, often related to lost sales and the cost of restocking.

Current Assets

Current assets represent a company's assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.

Credit Manager

A professional responsible for overseeing a company's credit granting process and managing the credit risks and policies.

Accounts Receivable

Payments pending from customers to a business for items or services that have been supplied but not yet remitted.