To Cover the Costs That Result If Some Aspect of the Business

question 14

Multiple Choice

To cover the costs that result if some aspect of the business causes harm to a third party or someone else's property,a firm would purchase:

• A)business interruption insurance.
• B)property insurance.
• C)business liability insurance.
• D)key personnel insurance.

---

Definitions:

Sole Responsibility

A situation or task where one person is entirely accountable without sharing duties or blame with others.

Recall

A measure of memory in which the person must retrieve information learned earlier, as on a fill-in-the-blank test.

Availability Heuristic

A cognitive shortcut that depends on the first examples that pop into someone's head when considering a particular topic, concept, strategy, or choice.

Homeowners' Policies

Insurance contracts that provide coverage for damage to a homeowner's property, possessions, and liability.