The general liability policy covers bodily injury or property damage caused by "an accident, including continuous repeated exposure to substantially the same general harmful conditions." This cause is loss is called a(n)

A) occurrence.
B) accident.
C) event.
D) incident.

Answer: A

Business

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Which of the following companies earns the largest amount of annual licensing revenues?

A) Marvel Entertainment B) The Cherokee Group C) Warner Bros. D) Disney Consumer Products

Business

The holder of a banker's acceptance may convert it to cash immediately at a discount rate, sell it on the discount market, or hold it until it matures, provided the buyer's account has sufficient funds to cover the transaction

Indicate whether the statement is true or false

Business