Question

In addition to operating and fixed costs, how are you financially responsible for covering crash costs?

a) Through insurance
b) Through government subsidies
c) Through crowdfunding
d) Through personal savings

Answer 1

Crash costs can be covered through insurance policies by paying deductibles, copayments, or coinsurance.

Step-by-step explanation:

When it comes to covering crash costs, the answer is option a) through insurance. Insurance policies often have deductibles, where the policyholder must pay a certain amount out of pocket before the insurance coverage starts paying. Health insurance policies may also have copayments or coinsurance, where the insured must pay a portion of the costs. By having insurance coverage, individuals can reduce the financial burden of crash costs.