Match the Term with Its Definition

question 72

Essay

Match the term with its definition.Some terms may not be used.
a.Business interruption insurance
b.Business owner's policy
c.Commercial general liability insurance
d.Disability insurance
e.Funds transfer fraud
f.Key-person life insurance
g.Package policy
h.Personnel risks
i.Proximate cause
j.Reasonable standard
k.Workers' compensation insurance
-The typical standard of care,based on what a reasonable or prudent person would have done under similar circumstances

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Definitions:

Fixed Manufacturing Expenses

Costs that do not vary with the volume of production, such as rent, depreciation of manufacturing equipment, and salaries of permanent factory staff.

Selling and Administrative Expenses

Expenses incurred from selling products or services and managing the business, excluding production costs.

Variable Selling

Expenses that change in proportion with the volume of sales, such as commissions or shipping costs.

Special Order

An order for goods or services that is outside the company's normal production or service delivery operations.