Match the term with its definition.
A. An insurance term that refers to the depreciated value of property
B. Coverage for general liability loss exposure, including premises liability, operations liability, product liability, and completed operations liability
C. A loss in which physical damage to property reduces its value to the property owner
D. Coverage that guarantees a healthy partner enough cash to buy out a partner who becomes disabled
E.
F. A loss arising from an inability to carry on normal operations due to a direct loss of property
G. Choosing not to engage in hazardous activities
H. Keeping a loss from happening
I. Lessening the frequency, severity, or unpredictability of potential losses
J. The cost of replacing personal property and rebuilding real property at today's prices
A. actual cash value (ACV)
B. commercial general liability (CGL) insurance
C. direct loss
D. disability buyout insurance
E. disability insurance
F. indirect loss
G. loss avoidance
H. loss prevention
I. loss reduction
J. replacement value of property
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Full-service retailers generally have the lowest costs of all retail types
Indicate whether the statement is true or false
Which of the following would be the best measure on which to base a segment manager's performance evaluation for purposes of granting a bonus?
A. Segment contribution margin. B. Segment net income. C. Profit margin controllable by the segment manager. D. Segment profit margin. E. Segment sales revenue.
Buckbee Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$97Fixed costs per year: Direct labor$629,000Fixed manufacturing overhead$2,849,000Fixed selling and administrative expenses$1,056,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 37,000 units and sold 32,000 units. The company's only product is sold for $261 per unit.The unit product cost under super-variable costing is:
A. $224 per unit B. $191 per unit C. $114 per unit D. $97 per unit
National unions usually have final authority over local union actions such as negotiating, organizing, and striking.
Answer the following statement true (T) or false (F)