Author Question: A discount store chain is concerned that cashiers might steal money from cash registers. To provide ... (Read 197 times)

ss2343 · **on:** Jul 11, 2018

A discount store chain is concerned that cashiers might steal money from cash registers. To provide protection against theft by the cashiers, the discount store chain can purchase a

A) fidelity bond.
B) liability insurance policy.
C) surety bond.
D) business income insurance policy.

Question 2

The premium that insurance companies charge does not cover the cost of expected losses only. The premium must also cover the cost of compensating agents and other costs of doing business.

The amount added to the pure premium to cover these costs is called the
A) expense loading.
B) deductible.
C) dividend.
D) loss reserve.