In Schedule Rating,each Building Is Individually Rated on Several Factors

question 35

Multiple Choice

In schedule rating,each building is individually rated on several factors.One factor refers to the quality of the city's water supply and fire department,and the risk control devices installed in the building.This factor is called

• A)exposure.
• B)occupancy.
• C)protection.
• D)housekeeping.

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Definitions:

Accounts Receivable

Funds that customers owe to a business for products or services that have been provided but remain unpaid.

Journal Entry

A written record in accounting that documents a business transaction in the ledger.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or completion.

Allowance for Doubtful Accounts

An accounting provision made by a company to account for customers who may not be able to make required payments, affecting the accounts receivable balance.