
Flashcard on Various Topics
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is property damage liability insurance?
Back
Property damage liability insurance is a type of insurance that covers the costs associated with damage that the insured person causes to someone else's property.
2.
FLASHCARD QUESTION
Front
How do you calculate the total amount owed in a liability insurance claim?
Back
To calculate the total amount owed, sum the costs of all damages caused by the insured party, ensuring it does not exceed the insurance coverage limit.
3.
FLASHCARD QUESTION
Front
What is the term for selling an asset for less than its actual worth due to urgency?
Back
Sacrifice.
4.
FLASHCARD QUESTION
Front
How do you calculate the final price of a purchase including sales tax?
Back
To calculate the final price, multiply the purchase price by the sales tax rate, then add that amount to the original price.
5.
FLASHCARD QUESTION
Front
What is the formula to calculate the cost of an advertisement based on its length?
Back
The cost of an advertisement is calculated by adding the base cost for a certain number of lines to the additional cost for any extra lines.
6.
FLASHCARD QUESTION
Front
What is a surcharge?
Back
A surcharge is an additional fee added to the original price of a service or product.
7.
FLASHCARD QUESTION
Front
What is the significance of understanding insurance coverage limits?
Back
Understanding insurance coverage limits is crucial to know how much protection you have in case of an accident or damage.
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