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Bob and Barbara Castle Are Each 39 Years Old and Have

question 23

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Bob and Barbara Castle are each 39 years old and have sought your advice with regard to their financial affairs.Bob is a school administrator making $75,000 per year and Barbara is not employed outside of the home.The Castles' net worth is approximately $190,000.They have three kids ages,6,10,& 14.You have determined that the Castles currently have adequate life,health,auto,and homeowner's insurance.Which of the following forms of insurance is likely to fulfill their highest priority risk management need?

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Definitions:

Workforce Diversity

Refers to a diverse set of employees in an organization, including differences in race, ethnicity, gender, age, religion, ability, and sexual orientation.

Flexibility

The ability to adapt to changes, shift strategies or approaches, and handle unexpected challenges effectively.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

S.T.E.P. Approach

A strategic planning model that stands for Social, Technological, Economic, and Political - considering these factors when analyzing external environments for strategic planning.

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