Question

In: Operations Management

Jim lost his job after his colleague Tom tarnished his reputation in the office. Jim subsequently...

Jim lost his job after his colleague Tom tarnished his reputation in the office. Jim subsequently sues Tom for this. Which of the following insurance policies would have covered such a risk for Tom?

Health insurance policy
Homeowner's insurance policy
Disability insurance policy
Personal liability insurance policy
Whole-life insurance policy

Solutions

Expert Solution

B. Homeowner's insurance policy

REASON :

A homeowner's insurance policy covers damages arising from lawsuits filed by bodily injured and who sustained personal injuries. Bodily injured is injury caused to body and personal injury is slander, libel etc. A homeowner's policy would have covered Tom from defamation lawsuit that Jim filed.

keosha answered 1 year ago
Next > < Previous

Related Solutions

Jim who recently quit his job after receiving a very large bonus payment is interested in...
Jim who recently quit his job after receiving a very large bonus payment is interested in forming his own business. He is not sure how to begin and he has asked you to help him identify and analyze what company formation options he has available. He can set up his business in the UK, Canada or the USA, he will go where you decide. Please advise him on what it means to be unincorporated, the advantages and disadvantages Then explain...
Jim who recently quit his job after receiving a very large bonus payment is interested in...
Jim who recently quit his job after receiving a very large bonus payment is interested in forming his own business. He is not sure how to begin and he has asked you to help him identify and analyze what company formation options he has available. He can set up his business in the UK, Canada or the USA, he will go where you decide. a. Please advise him on what it means to be unincorporated, the advantages and disadvantages b....
As part of his contract at his new job, Jim is provided a company car and...
As part of his contract at his new job, Jim is provided a company car and gas card to go back and forth to work. He sometimes uses the car for out-of-town travel approximately once a month. Jim also uses the car and the gas card for his family vacations, dinner, etc. Explain the applicable tax law regarding employee compensation and the criteria for deducting expenses. Make at least two recommendations for ways that Jim can ensure that he is...
A sheaf of papers in his hand, your friend and colleague, Landon, steps into your office...
A sheaf of papers in his hand, your friend and colleague, Landon, steps into your office and asked the following. LANDON: Do you have 10 or 15 minutes that you can spare? YOU: Sure, I’ve got a meeting in an hour, but I don’t want to start something new and then be interrupted by the meeting, so how can I help? LANDON: I’ve been reviewing the company’s financial statements and looking for ways to improve our performance, in general, and...
n October 2010, Tom Chong was on his way to his office and thinking about several...
n October 2010, Tom Chong was on his way to his office and thinking about several issues he would have to deal with in the coming weeks. Chong was Jextra Stores (Jextra) country manager for the Neighbourhood Markets Division in Malaysia. One issue involved a conversation with the mayor of Klang, a town near Malaysia’s capital city of Kuala Lumpur. Chong had been seeking to expand to Klang for some time. The mayor surprised Chong with an offer to help...
Jim Wilson is the office manager for a large manufacturing firm. His team is studying the...
Jim Wilson is the office manager for a large manufacturing firm. His team is studying the usage of the company’s copy machines. A random sample of ten copy machines revealed the following number of copies from each machine (reported in 1,000s): 1026 920 1193 968 986 973 1073 1229 965 1185 Jim believes that the actual mean usage of all the copy machines is well over a million copies. Develop a 95% confidence interval for the mean number of copies...
1       John and his father go to the office of Tom, a corporate lending officer with ABC...
1       John and his father go to the office of Tom, a corporate lending officer with ABC Bank in order for John to secure a loan for his new software business.  Tom is skeptical since John has no track record in business, but finally relents to giving John the loan when his father tells Tom: “Don’t worry. If John doesn’t pay the loan back, I will.” The father then leaves the meeting and John signs the loan documentation. When can the ABC...
Donald has recently lost his job as the President of a large North American country and...
Donald has recently lost his job as the President of a large North American country and has returned to the family hotel business. Their most prestigious hotel Tramp Tavern has been closed for two years whilst it has undergone refurbishment and the hotel is about to be relaunched. The hotel runs conventionally and has a number of cost centres such as Reception, Concierge, Repairs and Maintenance which are relatively fixed. The hotel also has variable costs relating to cleaning and...
Donald has recently lost his job as the President of a large North American country and...
Donald has recently lost his job as the President of a large North American country and has returned to the family hotel business. Their most prestigious hotel Tramp Tavern has been closed for two years whilst it has undergone refurbishment and the hotel is about to be relaunched. The hotel runs conventionally and has a number of cost centres such as Reception, Concierge, Repairs and Maintenance which are relatively fixed. The hotel also has variable costs relating to cleaning and...
Donald has recently lost his job as the President of a large North American country and...
Donald has recently lost his job as the President of a large North American country and has returned to the family hotel business. Their most prestigious hotel Tramp Tavern has been closed for two years whilst it has undergone refurbishment and the hotel is about to be relaunched. The hotel runs conventionally and has a number of cost centres such as Reception, Concierge, Repairs and Maintenance which are relatively fixed. The hotel also has variable costs relating to cleaning and...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT