Match the Term with Its Definition

question 122

Multiple Choice

Match the term with its definition.
-Coverage for general liability loss exposure, including premises liability, operations liability, product liability, and completed operations liability

• 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

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Definitions:

Interest Revenue

Income earned from lending money or through investments in interest-bearing assets.

Temporary Account

An account that is used to collect balances over an accounting period and is reset to zero at the end of the period, such as revenue and expense accounts.

Advertising Expense

Costs incurred by a business to promote its products or services.

Accounts Payable

Money owed by a business to its suppliers or creditors for products or services received.