Which of the Following Is False

question 4

Multiple Choice

Which of the following is false?

• A) A pedestrian who has a PAP and is injured by an automobile can collect under his own Medical Payments coverage.
• B) The PAP covers theft of the automobile.
• C) The subrogation provision of the PAP does not apply to Medical Payments coverage.
• D) There is no coverage for the insured while driving a rented automobile.

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Definitions:

Cash Budget

A forecast of cash inflows and outflows over a specific period, used for cash management.

Cash Receipts

The collection of money, typically in the form of cash or checks, by a business from its customers for goods or services provided.

Cash Disbursements

Outflows of cash for expenses, purchase of assets, or repayment of debt by a business within a given period.

Manufacturing Overhead Budget

A financial plan that estimates the expected costs related to manufacturing overhead for a specific period.