Jenna opened a successful restaurant. One night, after the restaurant had closed, a fire started when the electrical system malfunctioned.
In addition to the physical damage to the restaurant, Jenna lost profits that could have been earned while the restaurant was closed for repairs. The lost profits are an example of
A) direct loss.
B) nondiversifiable risk.
C) speculative risk.
D) indirect loss.
Question 2
Brad started a pest control business. To protect his personal assets against liability arising out of the business, Brad incorporated the business. Brad's use of the corporate form of organization to shield against personal liability claims illustrates
A) fundamental risk.
B) noninsurance transfer.
C) risk retention.
D) objective risk.
The Four Seasons - December, 1963 (Oh, What a Night
The Nature of Environmental Science: A fireman battles with a forest fire
Forest Fire Management
Gate control theory. A. open gate, B. closed gate
The Equinox Fabrication Plant suffered a fire incident in August, and most of the records for ...