The Factor That Will Not Reduce Your Insurance Rate Is

question 108

Multiple Choice

The factor that will not reduce your insurance rate is

• A) increasing your deductible.
• B) paying all speeding tickets promptly.
• C) purchasing older, less expensive vehicles.
• D) moving to a less risky town.

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Definitions:

Level of Operations

Refers to the scale of production or business activity, indicating the degree to which a company utilizes its resources.

Factoring

Factoring is a financial transaction where a business sells its accounts receivable to a third party (the factor) at a discount, to raise immediate capital.

Accounts Receivable

Money owed to a company by its customers for products or services delivered but not yet paid for.

Without Recourse

A term indicating that the seller of an asset is not responsible for the buyer's losses if the asset fails to perform as expected.