Match the Term with Its Definition

question 58

Essay

Match the term with its definition.Some terms may not be used.
a.Business interruption insurance
b.Business owner's policy
c.Commercial general liability insurance
d.Disability insurance
e.Funds transfer fraud
f.Key-person life insurance
g.Package policy
h.Personnel risks
i.Proximate cause
j.Reasonable standard
k.Workers' compensation insurance
-The criminal transfer of funds from a bank account

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Definitions:

Opportunity Cost

The cost of forfeiting the next best alternative when making a decision or investment.

Next Best Use

An economic concept referring to the most profitable or valuable alternative use of a resource if it is not used in its current manner.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.

Present Value

The current value of a future sum of money or stream of cash flow given a specified rate of return.