BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The difference between standard turnover and actual turnover during the indemnity period is:
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None of the below
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Short Sales
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Actual Sales
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Total Sales
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Explanation:
Detailed explanation-1: -Short Sale − Short sale means loss of sale due to the incident of fire and subsequent dislocation of the business. The difference of standard turnover and the actual turnover during the period of indemnity is called short sale.
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