Which of the Following Is Not Part of an Automobile

question 30

Multiple Choice

Which of the following is not part of an automobile insurance policy?

• A)Liability
• B)Medical
• C)Damage
• D)All of the above are part of an automobile insurance policy
• E)None of the above is part of an automobile insurance policy

---

Definitions:

Miscellaneous Expenses

Costs that are not consistently categorized among the standard costs for operation of a business, often minor in scope and irregular in occurrence.

Rent Expense

Rent Expense is the cost incurred by a company for using a property or equipment for business operations, which is recognized on the income statement.

Continuous Budgets

Budgets that are continuously updated by adding a new budget period as the last one is completed, thus always having a full period's financial plan.

Communicating Objectives

The process of clearly and effectively sharing goals and targets with relevant stakeholders or team members.