____ and ____ Are Both Relatively Expensive Types of Decreasing-Term

question 35

Multiple Choice

____ and ____ are both relatively expensive types of decreasing-term life insurance.

• A)Group life; credit life
• B)Credit life; mortgage life
• C)Mortgage life; industrial life
• D)Industrial life; special-purpose policies
• E)Special-purpose policies; group life

---

Definitions:

Construction Costs

Expenses related directly to the construction of a building or infrastructure project, including materials, labor, and overhead.

Estimated Costs

Projected expenses related to the manufacturing of a product, execution of a project, or delivery of a service.

Provision for Loss

A Provision for Loss is an amount set aside in the accounts to cover identified but not yet realized losses or expenses.

Contra-Asset Account

An account that decreases the value of an asset, liability, or equity account, such as accumulated depreciation.