Business Interruption – Lesson 5 Quiz

The basic purpose of business interruption insurance is to

Operating cost expenses are defined as expenses that

In accounting, the difference between total net sales and the cost of goods sold is

Which of the following would NOT be a factor in the down time following an insured loss at a manufacturing plant? The length of time required for

A Gross Earnings form is best suited to a business that will

Under the Profits Form, the coverage

Extra Expense insurance

Management salaries, and business and realty taxes, are common examples of

When a business is shut down due to a direct loss it may be concerned that its highly technical and knowledgeable employees will find employment elsewhere, perhaps with a competitor. To avoid this situation, a company may continue to pay the employee’s wages until the business resumes operation. This is one example of a(n)

Semi-variable expenses are defined as expenses that