A Useful Measure for an Organization Is the Total of the Organization's

question 17

Multiple Choice

A useful measure for an organization is the total of the organization's expenditures for treating loss exposures including retained losses,loss control expenses,insurance premiums,and other related expenses.This measure is called the organization's

• A)cost of capital.
• B)cost of goods sold.
• C)cost of risk.
• D)cost of equity.

---

Definitions:

Landless Farmworkers

Agricultural laborers who do not own the land on which they work, often living in conditions of poverty and dependency.

Land Owners

Individuals or entities that hold legal title to a piece of land, granting them rights to its use, benefits, and disposal.

Industry Employment

Employment within the industrial sector, which includes manufacturing, construction, and mining activities, often characterized by the production of goods.

American West

A region of the United States west of the Mississippi River, historically known for its frontier culture, exploration, and expansion during the 19th century.