Collision Protection Pays for Damage to

question 38

Multiple Choice

Collision protection pays for damage to

• A)non-auto property of insured.
• B)auto of insured.
• C)all autos in accident.
• D)auto of other party in accident.
• E)non-auto property of others damaged in accident.

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Definitions:

Current Ratio

A financial ratio indicating a firm's capacity to settle short-term debts using its current assets.

Current Liabilities

Obligations or debts that a company expects to pay or settle within one year or its operating cycle, whichever is longer.

Current Assets

Assets that a company expects to convert into cash, sell, or consume within one year or its operating cycle, whichever is longer.

Price-Earnings Ratio

A valuation ratio of a company's current share price compared to its per-share earnings, used to evaluate the relative value of company shares.