Match the Term with Its Definition

question 59

Multiple Choice

Match the term with its definition.
-Lessening the frequency, severity, or unpredictability of potential losses

• A)actual cash value (ACV)
• B)commercial general liability (CGL) insurance
• C)direct loss
• D)disability buyout insurance
• E)disability insurance
• F)indirect loss
• G)loss avoidance
• H)loss prevention
• I)loss reduction
• J)replacement value of property

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Definitions:

Trade Deficit

An occurrence where the total value of a country's imports surpasses the value of its exports, creating a negative trade balance.

China

A country in East Asia, the world's most populous nation, with a long history, rich culture, and significant global economic influence.

Overall

Encompassing everything or in general; a term not specific to economics but often used to imply a holistic or comprehensive perspective.

Substantially

To a great or significant extent, often used to signify the importance, size, or degree of something.