Match the Term with Its Definition

question 86

Essay

Match the term with its definition.Some terms may not be used
a.Motor insurance
b.Coinsurance clause
c.Commercial crime insurance
d.Design defect
e.Manufacturing defect
f.Marketing defect
g.Non-economic damages
h.Partially self-funded programme
i.Proximate cause
j.Punitive damages
k.Workers' compensation legislation
-A programme that designates part of a business's earnings to fund a portion of employee medical coverage.

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Definitions:

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.

Ratio

A quantitative relationship between two numbers, showing how many times one value is contained within another.

Liabilities

Financial obligations or debts that a business owes to others, which must be paid back in the future.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing ownership interest.