Ains 103 final exam Study guides, Class notes & Summaries

AINS 103 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS

For most businesses, which peril poses the greatest risk of a large or total property loss? - Answer For most businesses, fire poses the greatest risk of a large or total property loss. Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - Answer Cost to rent temporary office space. An electrical contractor was hired to install a new...

AINS 103 Practice Exam - Questions and Answers (Complete Solutions) Which one of the following best describes real property? A. Property being shipped to or from others. B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. D. Vehicles, merchandise, furniture, tools, and similar items. Extra expenses are expenses, in addition ...