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A Business Formed by Two or More Individuals or Entities

question 11

Multiple Choice

A business formed by two or more individuals or entities is called a(n) :


Definitions:

Regular Premium

The amount that is paid on a regular schedule for an insurance policy, to maintain coverage.

Low-risk Driver

A driver who is considered less likely to file an insurance claim and therefore may qualify for lower insurance premiums.

Insurance Premiums

The amounts paid by individuals or businesses for insurance policies to provide coverage against various risks.

Regular Premium

Regular payments made for insurance policies or investment products, which are typically due monthly, quarterly, or annually.

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