AINS 103 EXAM 2024-2025 |ACTUAL COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. In property insurance, the term "property in transit" refers to which one of the following? A. Property while being moved from one building to another at the insured location only B. Mobile equipment while moving under its own power from one work location to another C. Owned property while located anywhere other than the insured location D. Property while being transported by trucks, cars, buses, trains, airplanes, and ships - ANSWER-D. Property while being transported by trucks, cars, buses, trains, airplanes, and ships During a business interruption, some of the organization's expenses, called continuing expenses, will continue, and other expenses, called noncontinuing expenses, will not continue. Which one of the following is an example of a continuing expense? A. Cost of overnight air shipment of needed repair parts B. Overtime wages to employees C. Cost to rent temporary office space D. Payroll of key employees - ANSWER-D) Payroll of key employees Telephone Company installs fiber-optic cable using a trenching machine that digs a trench, buries the cable, fills in the trench, and reseeds, all in one pass. The trenching machine can install cable