Match the Term with Its Definition

question 80

Multiple Choice

Match the term with its definition.
-A defect resulting from failure to convey to the user that hazards are associated with a product or to provide adequate instructions on safe product use

• A)automobile insurance
• B)coinsurance clause
• C)crime insurance
• D)design defect
• E)manufacturing defect
• F)marketing defect
• G)noneconomic damages
• H)personal property
• I)punitive damages

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Definitions:

Corporate Income Taxes

Taxes imposed on the net income (profit) of corporations.

State

A political organization or entity occupying a definite territory and having centralized government with the power to make and enforce laws without external control.

Local Governments

Administrative bodies that manage and govern specific areas or regions within a country, providing public services and infrastructure.

Surplus

A situation in which the quantity of goods or services supplied exceeds the quantity demanded at the current price.