Which of the Following Is Expressed as a Percentage of Net

question 36

Multiple Choice

Which of the following is expressed as a percentage of net sales?

• A) Accounts receivable
• B) Net profit margin
• C) Gross sales
• D) Operating expenses
• E) Total assets

Comprehend the impact of specific insurance clauses (arbitration, appraisal, antilapse).

Analyze the legal principles involved in adjusting insurance claims.

Distinguish between covered and excluded risks in insurance policies.

Recognize the ethical and legal nuances in insurer-insured communication and cooperation.

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Definitions:

Reality Principle

A psychoanalytic concept that represents the ability of the mind to assess the external world and act upon it accordingly, as opposed to relying on the pleasure principle.

Classical Freudian

Refers to the psychological theories and therapeutic methods developed by Sigmund Freud that emphasize unconscious motives and conflicts as the roots of human behavior.

Object Relations

A theory in psychology that examines the way individuals relate to others and situations in their environment, primarily based on early life experiences.

Cognitive

Pertaining to mental processes such as perception, memory, judgment, and reasoning.