For the Purposes of Personal Auto Policy (PAP)coverage,an Insured Person

question 48

True/False

For the purposes of Personal Auto Policy (PAP)coverage,an insured person "uses" an automobile by unloading groceries from the car while it is parked in the garage.

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Definitions:

Inventory

The quantity of goods or materials on hand that a business holds for the purpose of resale or production.

Break Even

The point at which total revenues equal total costs, resulting in no net loss or gain for a business.

Maintenance Service

Services performed to keep equipment or facilities in optimal working condition, including repairs, cleaning, and regular check-ups.

Promotion

Marketing activities aimed at increasing awareness of a product or brand, persuading people to choose it over competitors' offerings, and encouraging purchase.