The Two Most Important Elements of the Definition of Trust

question 1

True/False

The two most important elements of the definition of trust are that it implies familiarity and risk.

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Definitions:

Mark-up

The supplementary cost added to goods for overhead coverage and profit realization.

Industrial Part

A component or section of an industrial sector or factory.

Mark-up Realized

The percentage increase between the cost of a product and its selling price, indicating the profit margin.

Sonic Boom

A loud sound associated with the shock waves created when an object travels through the air faster than the speed of sound.