Which of the Following Is Not a Reason Why a Business

question 28

Multiple Choice

Which of the following is not a reason why a business may buy life insurance?

• A)So that it has funds to provide for the replacement of a key person
• B)To diversify assets
• C)To eliminate taxes
• D)Both a and b
• E)Both b and c

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Definitions:

Socializing Informally

Engaging in casual interactions outside of structured or professional settings, which can foster relationships and networking.

Knowledge Valuation

The process of determining the importance or worth of information, insights, or specific expertise within a particular context.

Competitors

Entities or individuals that are in rivalry for the same objectives or resources, often in a business or athletic context.

Consultants

Professionals who provide expert advice in a particular area, such as business, education, law, regulatory compliance, or marketing.