Author Question: All of the following persons are insured for personal liability under the homeowners policy EXCEPT ... (Read 28 times)

Yi-Chen · **on:** Jul 11, 2018

All of the following persons are insured for personal liability under the homeowners policy EXCEPT

A) children of the named insured under age 24 who are attending college full time and temporarily residing elsewhere.
B) foster children under the age of 21 who reside with the named insured.
C) nonresident employees of the named insured.
D) the spouse of the named insured if a resident of the same household.

Question 2

Borrowing monies from financial institutions to fund the firm's revenue growth is an example of which cash-related activity in the cash flow cycle?

A) Operating activity
B) Profitability activity
C) Investing activity
D) Financing activity