The Deductible Used for Automobile Collision Losses Is an Example

question 42

Multiple Choice

The deductible used for automobile collision losses is an example of a(n)

• A)calendar year deductible.
• B)elimination period.
• C)straight deductible.
• D)aggregate deductible.

---

Definitions:

Manufacturing Department

A division within a company that is focused on the production of goods through the combination of human labor, machinery, and raw materials.

Advertising Costs

Expenditures related to the promotion of products or services, which can include various forms of media advertisement, promotional materials, and online ads.

Period Costs

Expenses that are not directly tied to the production process and are expensed in the accounting period in which they are incurred.

Nonmanufacturing Costs

Nonmanufacturing costs are expenses not directly related to the production of goods, including selling, general, and administrative expenses.