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NO.1 An art history museum has recently finished renovating its new location. Before the move, the
treasurer considers purchasing additional insurance to protect the art during transit. What form of
additional insurance should the treasurer choose?
A. Special multi-peril (SMP)
B. Difference in conditions (DIC)
C. General liability
D. Business interruption
Answer: B
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NO.2 An investor concerned about taxes on dividend distributions will MOST LIKELY purchase stock
on which of the following dates?
A. Declaration date
B. Payment date
C. Record date
D. Ex-dividend date
Answer: D
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