A Policy Issued to Members of an Organization Is Known

question 4

Short Answer

A policy issued to members of an organization is known as ____________________ insurance.

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Definitions:

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

Goods and Services

The tangible and intangible outputs of an economy that satisfy consumer needs and wants.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the public.

Factor Market

A marketplace for the services of a factor of production (e.g., labor, capital), where firms buy resources they need to produce goods and services.