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Bob and Tom Are Partners in a Business

question 28

Essay

Bob and Tom are partners in a business. Discuss the types of insurance the business should carry if something should happen to one of the partners.


Definitions:

American Federalism

The division of power between the national government and the individual states in the United States.

Unitary System

A sovereign state governed as a single entity in which the central government is supreme and any administrative divisions (subnational units) exercise only powers that the central government chooses to delegate.

Political Cultures

The deeply rooted norms, values, beliefs, and attitudes that define the relationship between citizens and government within a political system.

Individual Mandate

A requirement that individuals must obtain health insurance or face penalties, aimed at broadening the pool of insured and lowering health insurance costs.

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