Which of the Following Products Would Most Likely Be Classified

question 344

Multiple Choice

Which of the following products would most likely be classified as a specialty good or service?

• A) A microwave oven
• B) A limited-edition print signed by the artist
• C) A sports coat,slacks,and tie
• D) A car insurance policy

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Definitions:

Private Protection Programs

Initiatives or services provided by private entities aimed at offering security and protection to individuals or businesses.

Life Insurance

A contract between an insurer and a policyholder in which the insurer guarantees payment to named beneficiaries upon the death of the insured.

Disability Insurance

A type of insurance coverage that provides income in the event that a worker is unable to perform their work and earn money due to a disability.

Educational Expense Assistance

Programs or benefits provided by an employer to help cover education-related costs for their employees, often to encourage continuous learning and development.