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.
Correct use a fire extinguisher
Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ...
Heart valves in closed position viewed from the top.
How to use the closed interval method to find absolute maximum and minimum values
A Successful Physical Fitness Program Uses FITT Principles