question 11 (4.5 points) what is insurance? what you pay to use a property, usually on a regular basis such…

question 11 (4.5 points) what is insurance? what you pay to use a property, usually on a regular basis such as weekly or monthly. a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses. a long - term investment account that allows an individual to save for retirement. several exchanges in which shares of publicly held companies are bought and sold. question 12 (4.5 points) gross pay is wages or salary after deductions. true false

question 11 (4.5 points) what is insurance? what you pay to use a property, usually on a regular basis such as weekly or monthly. a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses. a long - term investment account that allows an individual to save for retirement. several exchanges in which shares of publicly held companies are bought and sold. question 12 (4.5 points) gross pay is wages or salary after deductions. true false

Answer

Brief Explanations:

  1. Question 11: Insurance is a contract represented by a policy where an individual or entity receives financial protection or reimbursement against losses. The description in the question aligns with the concept of insurance.
  2. Question 12: Gross pay is the total wages or salary before any deductions are made. So the statement "Gross pay is wages or salary after deductions" is false.

Answer:

Question 11: A contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses. Question 12: False