shushanawalker shushanawalker

30-05-2024
Business

Answered

An umbrella "bond" that offers coverage for a specific job rather than an individual is a:
O a. blanket-position bond.
b. situation bond.
c. general bond.
d. position-schedule bond.
e. personal bond.

Answer :

GinnyAnswer GinnyAnswer

30-05-2024

Final answer:

A blanket-position bond provides coverage for multiple positions or projects within a company or organization, offering efficiency and cost-effectiveness.

Explanation:

Blanket-position bond is an umbrella 'bond' that offers coverage for a specific job rather than an individual. It provides protection for various positions within a company or organization, allowing flexibility in coverage.

For example, a large construction firm may purchase a blanket-position bond to cover all its construction projects rather than obtaining separate bonds for each project.

These bonds are cost-effective and efficient for businesses with multiple projects or positions that need coverage.

Learn more about types of bonds and their coverage here:

https://brainly.com/question/43134484

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