All of the following statements about business income insurance are true EXCEPT
A) Business income is defined as total sales that would have been made if the loss had not occurred.
B) Payroll is considered a continuing normal operating expense.
C) Business income insurance does not cover the physical damage caused by a peril which created the interruption in business.
D) The business income coverage form can be purchased with a coinsurance requirement.
Answer: A
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The courts' major concern in cases involving vertical price-fixing has been whether the ________
A) fixed price was reasonable to consumers B) fixed price was in line with prices charged by competitors retailing the same product C) retailer made the pricing decision independently or by agreement with the manufacturer D) manufacturer could remain financially viable at the agreed price
What is the difference between P and Q inventory systems?
A) order size B) order spacing C) maximum service level D) lead time length E) A and B