The Three Broad Categories of Insurance Do Not Include

question 18

Multiple Choice

The three broad categories of insurance do not include:

• A) life insurance
• B) fixed fee service contracts
• C) fixed insurance services
• D) general insurance

---

Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before deduction of overheads, payroll, taxation, and interest payments.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including the cost of materials and labor.

Landscaping Supplies

Materials and products used in the creation and maintenance of landscaped areas, such as plants, soil, mulch, and tools.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.