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Softa [21]
3 years ago
15

International Toys (IT) manufactures toys in South Carolina and sells them to stores around the world. A customer in Europe is i

njured when one of the toys malfunctions and severs the customer's hand. The customer files suit in the United States. If IT is found liable, does its Commercial General Liability (CGL) Coverage Form cover the customer's claim?
Business
1 answer:
8090 [49]3 years ago
5 0

Answer:

Yes

Explanation:

Commercial General Liability (CGL) Policy is a standard insurance policy issued to business organizations <u>to protect them against liability claims for bodily injury (BI)</u> and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.

The policy was introduced in 1986 and replaced the "comprehensive" general liability policy.

Embedded in its definition i that it covers primarily liability claims for bodily injury.

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Answer:

The correct answer is option A.

Explanation:

A market outcome will be considered economically efficient if the marginal benefit earned from the last unit is equal to the marginal cost incurred in the production of the last unit while the economic surplus or the sum of consumer surplus and producer surplus is at maximum.

If the marginal cost and benefit are not equal then the outcome is said to inefficient. It means that either the resources are not being allocated efficiently or the production is not efficient.

6 0
4 years ago
In which situation would it be better to use a credit card instead of cash?
bonufazy [111]
Computer, its a larger amount of money to pay so it would be best there

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3 years ago
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3 0
3 years ago
True/False: the two most common means of acquisition are the entrepreneur's direct purchase of the firm's entire stock or assets
Neporo4naja [7]

Answer:

True

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5 0
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Afina-wow [57]

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6 0
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