Choose the Word or Phrase in [ ] Which Will

question 114

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Umbrella liability insurance is more likely to be needed by [higher | lower] income persons.

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Definitions:

Target Profit

The desired amount of profit a company aims to achieve within a specific period, often driving decision-making and strategy.

Monthly

Pertaining to or occurring every month.

Unit Sales

The total number of individual items or units that a company sells.

Margin of Safety

The difference between actual sales and sales at the break-even point, indicating the risk level of not covering fixed costs.