Match the Term with Its Definition

question 33

Essay

Match the term with its definition.Some terms may not be used
a.Actual cash value
b.Aggregate stop loss limit
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
k.Specific stop loss limit
-A comprehensive limit on annual expenses should a number of employees reach the business's per-employee limit on self-funding for medical claims.

---

Definitions:

Transactions

Financial events that involve the transfer of resources between two parties, impacting the financial position of an entity.

Cost Flow

The process of tracking the progression of costs as they move through a company's production process and into the financial statements.

Manufacturer

An entity or individual that makes goods from raw materials through the use of manual labor or machines, often within an industrial context.

Service Provider

A company or individual that offers services to others in exchange for payment, usually specialized in a particular domain or industry.