AINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already Passed

Which one of the following best describes real property? Select one: A. Property being shipped to or from others. B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. D. Vehicles, merchandise, furniture, tools, and similar items. - C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? Select one: A. Cost to rent temporary office space B. Insurance premiums C. Debt repayments D. Payroll of key employees - A. Cost to rent temporary office space Upon entering a restaurant, a customer grasped a handrail that broke off, causing the customer to fall and break his wrist. This is an example of which one of the following types of commercial general liability loss?Select one: A. Premises and operations liability B. Personal and advertising injury liability C. Absolute liability D. Products and completed operations liability - A. Premises and operations liability The liability loss exposure that exists when an organization is legally responsible for bodily injury or property damage caused by an accident that occurs on an organization's owned, leased, or rented property is Select one: A. Professional liability. B. Property liability. C. Operations liability. D. Premises and operations liability. - D. Premises and operations liability