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In Automobile Insurance,"comprehensive Coverage" Refers to a Policy That Covers

question 81

True/False

In automobile insurance,"comprehensive coverage" refers to a policy that covers all types of losses related to the ownership and operation of an automobile.

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Definitions:

Discount

The reduction applied to the usual cost of goods, services, or securities.

Operating Expenses

Costs associated with running the day-to-day operations of a business, excluding the cost of goods sold, typically including things like salaries, rent, and utilities.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Selling Price

The amount at which an item or service is sold to the customer.

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