When We Say That the Law Is Part of Every

question 34

Multiple Choice

When we say that the law is part of every facet of business,we mean that

• A)it is central to business interaction with customers,suppliers,competitors,and government.
• B)business cannot succeed without understanding the law.
• C)it outlines what we do,how to do it,and what not to do.
• D)the failure of businesses to comply with the law may result in criminal,regulatory,and/or civil liability.
• E)all of the above

---

Definitions:

Boardwalk Warehouse

A storage facility located near or on a boardwalk, typically used for storing goods that are transported via maritime routes.

Automotive Parts

Components and systems used in the construction and repair of motor vehicles, such as engines, brakes, and suspension systems.

Coinsurance

A type of insurance in which the insured and the insurer share the costs of covered expenses in a specified ratio after the deductible is met.

Property Insurance

A type of insurance policy that provides financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft.