All of the following are extensions of coverage under the building and personal property coverage form EXCEPT
A) newly acquired or constructed property.
B) valuable papers and records.
C) personal property temporarily off the premises.
D) currency and securities.
Answer: D
Business
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The costs of overstocking and understocking have a direct impact on
A) the optimal cycle service level but not profitability. B) profitability but not the optimal cycle service level. C) both the optimal cycle service level and profitability. D) neither the optimal cycle service level nor profitability.
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In order to maximize profits, a proper system of internal controls provide clear policies that result in fair treatment that applies to customers only
Indicate whether the statement is true or false
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