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.
Overview of blood flow through vessels in a closed circulatory system.
Typical slip-joint pliers are common household pliers. The slip joint allows the jaws to be opened ...
Typical wiring diagram of a V-6 distributorless (direct fire) ignition system.
The connector must be opened (disconnected) to check and/or adjust the ignition timing. On DIS/EDIS ...
Fire activity ratio
A Successful Physical Fitness Program Uses FITT Principles