Which of the Following Statements Is (Are)true Concerning Private Insurance

question 38

Multiple Choice

Which of the following statements is (are) true concerning private insurance?
I.Social insurance programs are always written by private insurers.
II.Individuals and businesses purchase private insurance.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Production Process

The production process involves the methods and procedures used to transform raw materials into finished goods or services.

Vertical Parts

Components or sections of an organization that are arranged in a hierarchy or rank, often signifying different levels of authority or responsibility.

Organization

A structured group of people with a specific purpose, such as a business, government agency, or charity.

Hierarchy

A system of organization where entities are ranked one above the other based on status or authority.