Choose the Word or Phrase in [ ] Which Will

question 18

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Most commonly,the deductible in a health insurance policy is on [an annual | a per-incident] basis.

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Definitions:

Accounting Practices

Standard methods and procedures used in preparing financial records and reports.

Diverse

Refers to a variety or a mix of different elements, qualities, or individuals within a particular context.

Problems

Challenges or difficulties that need to be solved or addressed.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to bring consistency to accounting language, practices, and statements globally.