AINS 103 | (All Practice Questions from
the Course) with 100 % correct answers |
Verified& Updated 2024| Already Passed
Which one of the following best describes real property?
Select one:
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. - ✔✔C. Tangible property that
includes land, structures permanently attached to the land, and whatever is growing on the
land.
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?
Select one:
A. Cost to rent temporary office space
B. Insurance premiums
C. Debt repayments
D. Payroll of key employees - ✔✔A. Cost to rent temporary office space
Upon entering a restaurant, a customer grasped a handrail that broke off, causing the customer to
fall and break his wrist. This is an example of which one of the following types of commercial
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, general liability loss?
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, Select one:
A. Premises and operations liability
B. Personal and advertising injury liability
C. Absolute liability
D. Products and completed operations liability - ✔✔A. Premises and operations liability
The liability loss exposure that exists when an organization is legally responsible for bodily
injury or property damage caused by an accident that occurs on an organization's owned, leased,
or rented property is
Select one:
A. Professional liability.
B. Property liability.
C. Operations liability.
D. Premises and operations liability. - ✔✔D. Premises and operations liability.
Automobile liability exposures can result
from Select one:
A. Damage to or destruction of an owned vehicle.
B. Loss of use of an owned automobile.
C. Workers compensation laws.
D. Hiring or borrowing an automobile. - ✔✔D. Hiring or borrowing an automobile.
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, To be covered under a workers compensation statute, an injury or disease (in most states) must
meet which one of the following requirements?
Select one:
A. Result from the employer's negligence
B. Occur away from the regular work premises
C. Arise out of employees' job-related injuries and diseases
D. Result in total disability - ✔✔C. Arise out of employees' job-related injuries and diseases
Cyber risk intellectual property loss exposures include
Select one:
A. Cyber extortion of trade secrets.
B. Personal and advertising injury liability.
C. Loss to tangible property.
D. Property damage liability. - ✔✔A. Cyber extortion of trade secrets.
As part of its assessment of its cyber risk, an organization should consider whether there are any
intangible property exposures. Which one of the following would best be classified as an
intangible property loss?
Select one:
A. Two disgruntled employees use the computer system to transfer office funds into their
own personal bank accounts.
B. The computer system is hacked and data including credit card numbers are stolen.
C. Thieves break into the main office and steal several desktop computers.
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