8. If the Replacement Cost optional coverage of the Building and Personal Property Coverage Form (BPP) is selected, tenants' improvements and betterments are A. Specifically excluded from replacement cost coverage and valued at ACV only. B. Valued on a replacement cost basis regardless of whether the tenant elects to replace them or not. C. Not covered because replacement cost coverage does not apply to buildings or their fixtures and fittings D. Valued at replacement cost if the tenant actually repairs or replaces them, at its own cost, as soon as reasonably possible after the loss. 9. How are business income losses measured? A. Loss of revenues only B. Expenses only C. Revenues less expenses D. Profit versus net loss 10. When an insured is choosing between replacement cost and actual cash value on a policy, the insured should A. Evaluate the age of the building and, if it is over 50 years old, choose the replacement cost option. B. Choose replacement cost if it wants to include contents at the C. Determine if the policy limits is adequate for replacement D. Add actual cash value if it wants to waive the coinsurance owner's residence. cost. condition