The business income and extra expense coverage form covers loss of business income and continuing normal operating expenses. How is business income (revenue) defined?

A) total sales
B) total sales less cost of goods sold
C) pre-tax net profit
D) after-tax net income

Answer: C

Business

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Indicate whether the statement is true or false

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Which of the following is not part of the first stage in the TRM process?

a. Stakeholder Engagement Processes b. Foundation Values c. Total Management Review d. Vision Setting and Leadership Commitment

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