Match the Term with Its Definition

question 10

Multiple Choice

Match the term with its definition.
-A loss in which physical damage to property reduces its value to the property owner

• A)actual cash value (ACV)
• B)commercial general liability (CGL) insurance
• C)direct loss
• D)disability buyout insurance
• E)disability insurance
• F)indirect loss
• G)loss avoidance
• H)loss prevention
• I)loss reduction
• J)replacement value of property

Grasp the concept of economic incentives and how they influence market behavior.

Understand how consumer information sources impact purchasing decisions and market efficiency.

Identify the effects of expansionary and restrictive monetary policies on economic stability.

Understand the concept of market failure and its causes, including externalities and government intervention.

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Definitions:

Paid Note Payable

The satisfaction or settlement of a debt instrument or promissory note through payment by the debtor to the lender according to the agreed terms.

Common Stock

Equity ownership in a corporation, with voting rights and the potential to receive dividends.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Stock Dividend

The payment of additional shares to shareholders instead of cash, usually at a fixed rate, often used by companies to conserve cash.