Harry, the owner of a convenience store, is the insured under a business overhead policy. Were Harry to become disabled, the policy would cover all of the following EXCEPT

A) the rent
B) the store manager's salary
C) utility bills
D) Harry's salary

Ans: D) Harry's salary

Business

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What type of insurance would a person select as the most efficient method of paying the outstanding debt on their home in the event of death?

A. Level term B. Family maintenance C. Mortgage redemption (decreasing term/mortgage protection) D. Joint life (first-to-die)

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While deciding a location for a manufacturing base, which of the following can be directly determined by organizations based on the foreign exchange rate of a country's currency?

A) potential competition B) product fit C) demands for a product D) costs of production

Business