Questions: Multiple Choice Question insurance obtained by an entrepreneurial business primarily covers the building, fixtures, and inventory in all of the buildings in which the business has a function. Bonding Mortgage Liability Property

Multiple Choice Question insurance obtained by an entrepreneurial business primarily covers the building, fixtures, and inventory in all of the buildings in which the business has a function. Bonding Mortgage Liability Property
Transcript text: Multiple Choice Question insurance obtained by an entrepreneurial business primarily covers the building, fixtures, and inventory in all of the buildings in which the business has a function. Bonding Mortgage Liability Property
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Solution

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The answer is the last one (D): Property.

Explanation for each option:

  • Bonding: This type of insurance typically covers losses caused by the fraudulent acts of employees, not the physical assets of a business.
  • Mortgage: This is a loan secured by the property, not a type of insurance.
  • Liability: Liability insurance covers legal claims against the business for damages or injuries caused by the business's operations, not the physical assets.
  • Property: Property insurance covers the building, fixtures, and inventory of a business, which aligns with the description provided in the question.

Summary: The correct answer is Property insurance, as it covers the building, fixtures, and inventory of an entrepreneurial business.

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