Jackson Fast Food restaurant lost thousands of dollars' worth of food when a freezer broke. To cover the loss, Jackson should have:
A) liability insurance.
B) loss of business insurance.
C) machinery and equipment insurance.
D) There is no insurance for this type of loss.
Answer: C
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McDonald's recently announced that it will no longer purchase meats from Tyson Foods. What are the likely immediate implications for Tyson Foods?
a) Its market value drops, its book value goes up b) Its market value goes up, its book value drops c) Its market value drops, its book value stays the same d) Its market value stays the same, its book value drops e) Its market value stays the same, its book value stays the same f) Its market value drops, its book value drops
Closing instructions are to be signed by all parties:
a. at the time the purchase and sale contract is generated b. at the time the transaction is closed c. when the title commitment is reviewed d. when the closing time and place has been established