You Back Out of Your Driveway and Hit Your Neighbor's

question 74

Multiple Choice

You back out of your driveway and hit your neighbor's car.What type of auto insurance must you have in order to get your car repaired?

• A)Liability
• B)Collision
• C)Comprehensive
• D)Uninsured motorist

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Definitions:

Direct Labor

The labor or workforce directly involved in the production of goods or providing services, considered a variable cost in manufacturing.

Factory Overhead

All indirect costs incurred during the production of goods, such as utilities, depreciation, and salaries of maintenance employees.

Direct Materials

Basic substances used in the direct creation of particular products or services.

Lubricants

Substances introduced between surfaces to reduce friction and wear, often essential for the smooth operation of machinery.