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Saturday, May 17, 2008

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Junior - Business Interruption

Match the following key words with their definitions.

A. Key Supplier F. Additional expenses

B. Key customer G. Expediting expenses

C. Shutdown H. Business interruption worksheet

D. Sales value of production I. "Due diligence" in mergers and acquisitions

E. Continuing expenses

Definitions

1.) Following a disruption in a business, the additional costs of remaining in business
A.	B.	C.	D.	E.	F.	G.	H.	I.
2.) Helps calculate net income values exposed to loss
A.	B.	C.	D.	E.	F.	G.	H.	I.
3.) From an insurance standpoint, this process entails careful assessment of a target company's risk profile
A.	B.	C.	D.	E.	F.	G.	H.	I.
4.) Closure of a facility, usually temporary, with the intent of re-opening
A.	B.	C.	D.	E.	F.	G.	H.	I.
5.) Difficult to replace, cost effective source of a good or service
A.	B.	C.	D.	E.	F.	G.	H.	I.
6.) Following a disruption of a business, expenses that hasten its return to normalcy
A.	B.	C.	D.	E.	F.	G.	H.	I.
7.) Expenses that do not cease when an organization shuts down temporarily
A.	B.	C.	D.	E.	F.	G.	H.	I.
8.) Purchases a significant portion of an organization's output at a favourable price
A.	B.	C.	D.	E.	F.	G.	H.	I.
9.) The value of what would have been produced had a plant continued its normal operations
A.	B.	C.	D.	E.	F.	G.	H.	I.