Which of the Following Statements About Uninsured Motorist Coverage Is

question 12

Multiple Choice

Which of the following statements about uninsured motorist coverage is true?

• A)This coverage applies to bodily injury when you are in an accident with an uninsured driver,regardless of who was at fault.
• B)It does not apply to accidents caused by a hit-and-run driver.
• C)It covers bodily injury when an accident is caused by another driver who is not insured.
• D)It does not pay out when a driver who is at fault has an insurance company that goes bankrupt.

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Definitions:

Operating Expenses

Expenses incurred from the normal operations of a business, excluding the cost of goods sold, such as rent, salaries, and utilities.

Sales Revenue

The income received by a company from its sales of goods or services before any costs or expenses are deducted.

Gross Profit Percentage

A financial metric that shows the portion of sales revenue that exceeds the cost of goods sold, expressed as a percentage.

Net Sales

The net income from sales a business secures, after subtracting the expenses for returned products, allowances for damaged or missing merchandise, and any granted discounts.