A(n)_____ Provision Enables You to Purchase the Policy Again at Its

question 44

Multiple Choice

A(n) _____ provision enables you to purchase the policy again at its expiration.

• A)reward
• B)renewable
• C)loss prevention
• D)limited risk
• E)arbitration

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Definitions:

DSO

Days Sales Outstanding, a financial metric that measures the average number of days that a company takes to collect payment after making a sale.

Seasonal Sales

Sales that fluctuate during certain times of the year due to seasonal factors, such as holidays or weather changes.

Accounts Receivable

Funds that customers have yet to pay to a company for products or services that have already been provided or consumed.

Receivables Management

The process of managing the money owed to a business by its customers, aiming to ensure timely collection of outstanding invoices to maintain cash flow.