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What is a wholesaler? Describe the difference between merchant wholesalers and agents and brokers. Identify three types of limited-function wholesalers.
Maintenance
The routine tasks and repairs conducted to keep equipment, buildings, or machinery in working order and prevent its deterioration.
Utilities
Services provided to the public or households such as water, electricity, natural gas, sewage treatment, and telecommunications, often subject to government regulations and possibly eligible for tax deductions in certain business contexts.
Rental Expenses
Costs incurred in the operation, maintenance, and improvement of a property rented out, which can often be deducted for tax purposes.
Deductible
The amount paid out of pocket by the policyholder before an insurance company pays a claim.
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