What type of insurance provides benefits to employees for job-related injuries or illnesses?
Answer
Workers' compensation
83042 Easy Trivia Questions
83042 public questions at this depth. How many can you answer?
What is the term for insurance that covers a group of people under a single policy?
Answer
Group insurance
What is the term for the maximum amount an insurer will pay for a covered loss?
Answer
Policy limit
Which insurance company is known for its 'Flo' mascot?
Answer
Progressive
What type of insurance covers damage to your car from a collision with another vehicle?
Answer
Collision coverage
What is the term for the person who owns an insurance policy?
Answer
Policyholder
What type of insurance covers damage to your home and its contents?
Answer
Homeowners insurance
What does 'AD&D' stand for in insurance?
Answer
Accidental Death and Dismemberment
Which insurance company uses a gecko as its mascot?
Answer
Geico
What type of auto insurance covers damage from events like theft or vandalism?
Answer
Comprehensive insurance
What is the name of the insurance marketplace in London known for its syndicates?
Answer
Lloyd's of London
Which insurance company uses the slogan 'You're in good hands'?
Answer
Allstate
What type of insurance pays your beneficiaries when you die?
Answer
life insurance
What is the term for the system where every transaction has equal debits and credits?
Answer
Double-entry bookkeeping
What US law, enacted in 2002, created the Public Company Accounting Oversight Board?
Answer
Sarbanes-Oxley Act
What accounting method records revenue when earned and expenses when incurred?
Answer
Accrual basis
Which private-sector organization sets accounting standards in the United States?
Answer
Financial Accounting Standards Board
What does FIFO stand for in inventory costing?
Answer
First In, First Out
What is the name of the financial statement that shows the sources and uses of cash?
Answer
Cash flow statement
What is the accounting term for profits distributed to shareholders?
Answer
Dividends
Which financial statement summarizes revenues and expenses over a period?
Answer
Income statement
What is the term for money a business owes to its suppliers for purchases on credit?
Answer
Accounts payable
What does GAAP stand for in accounting?
Answer
Generally Accepted Accounting Principles
What is the accounting term for money owed to a company by its customers on credit?
Answer
Accounts receivable
In accounting, what is the name of the complete list of accounts used by a business?
Answer
Chart of accounts
What is the accounting term for the cost of borrowing money?
Answer
Interest expense
Which accounting concept states that items should be recorded at their original cost?
Answer
Historical cost principle
What financial ratio is calculated as current assets divided by current liabilities?
Answer
Current ratio
In accounting, what does the acronym CPA stand for?
Answer
Certified Public Accountant
What term describes a company's total sales minus the cost of goods sold?
Answer
Gross profit
What accounting standard is used by most countries outside the United States?
Answer
IFRS (International Financial Reporting Standards)