In the ISO Commercial Crime Coverage Form,theft Is Defined as the

question 24

Multiple Choice

In the ISO Commercial Crime Coverage form,theft is defined as the

• A)unlawful taking of property to the deprivation of the insured.
• B)unlawful taking of property from the care and custody of a person by someone who has caused or threatens to cause bodily harm or who has committed an unlawful act witnessed by that person.
• C)unlawful taking of money or securities through the alteration of a negotiable instrument.
• D)unlawful taking of property from inside the premises by someone who unlawfully enters or leaves the premises as evidenced by marks of forcible entry or exit.

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Definitions:

Activity-Based Costing

A method of accounting where costs are assigned based on the activities and processes that contribute to the production of a product or service.

Activity Cost Pool

A grouping of all the costs associated with a particular activity, used in activity-based costing.

Cost Allocation Base

A method or factor used to assign costs in an equitable manner to various cost objects like departments, products, or projects.

Departmental Overhead Rate

A rate used to allocate overhead costs to individual departments based on relevant criteria, such as direct labor hours or machine hours.