Match the Term with Its Definition

question 36

Multiple Choice

Match the term with its definition.
-A cause of loss, either through natural events or through the actions of people

• A)all-risk approach
• B)business risk
• C)compensatory damages
• D)Economic damages
• E)health maintenance organization (HMO)
• F)market risk
• G)named-peril approach
• H)peril
• I)preferred provider organization (PPO)
• J)pure risk

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Definitions:

Job Order

An order for products or services issued by a company to manage production or service tasks as per client requirements.

Customer Specifications

Customer specifications are the detailed descriptions or requirements given by a customer regarding how a product or service should be delivered or executed.

Process Cost Systems

An accounting system used to track and assign production costs to units of output in industries where products are uniformly produced.

Industries

Broad categories of business activities focused on the production or supply of goods, services, technology, or information.