Who Would Most Likely Provide Advice and Assistance in Assessing

question 27

Multiple Choice

Who would most likely provide advice and assistance in assessing risks from a review of a business's operations?

• A) insurance advisor
• B) insurance broker
• C) insurance agent
• D) insurance adjuster

---

Definitions:

Fixed Costs

Business expenses that remain constant regardless of the level of production or sales.

Variable Costs

Costs that change in proportion to the business activity or production levels, including raw materials and hourly labor.

Revenues

The total income generated by a company from its business activities before any expenses are subtracted.

Produce

In economic terms, it refers to creating goods or providing services as the result of a process of production.