_____ Is the Most Common Kind of Coverage on Key

question 57

Multiple Choice

_____ is the most common kind of coverage on key persons of a business.

• A) Life insurance
• B) Health insurance
• C) Dental insurance
• D) Credit insurance

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Definitions:

Revenues

The gross increase in owner’s equity resulting from business activities entered into for the purpose of earning income.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Nonfinancial Information

Data that relates to the operational, environmental, and social aspects of a business, which cannot be easily quantified in monetary terms.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees.