Which of the Following Types of Insurances Will Help an Owner

question 65

Multiple Choice

Which of the following types of insurances will help an owner of a real property establish clear ownership over that property?

• A) comprehensive insurance
• B) title insurance
• C) omnibus insurance
• D) renter's insurance

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Definitions:

Reciprocal Services

Refers to the mutual exchange of services between departments within an organization to support each other's operations.

Direct Method

A costing method that directly allocates service department costs to producing departments without considering services provided between service departments.

Personnel Department

The division of a business that is focused on activities related to employees, including hiring, training, and benefits management.

Cost Allocated

The process of distributing expenses in multiple cost centers or accounts based on certain criteria or methodologies.