Which of the Following Statements Is Correct with Respect to Bonding

question 49

Multiple Choice

Which of the following statements is correct with respect to bonding?

• A) Bonding is another term for insurance. The two terms, bonding and insurance, are interchangeable.
• B) If a person is bonded and that person commits some wrongful act such as stealing a client's money, the bonding company is bound to compensate him for any losses he suffers from being caught.
• C) Bonding provides protection to the victim injured by the wrongful conduct of the person bonded.
• D) Bonding provides protection against losses incurred because of fluctuations in the financial markets.
• E) Bonding is a government certification system whereby the government guarantees that a person so bonded or certified will do the job he is hired to do as set out in the bonding certificate.

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Definitions:

Feasible Region

The set of all possible points that satisfy the constraints of an optimization problem, within which the optimal solution is found.

Potting Soil

A medium used to grow plants, herbs, and vegetables in a pot or other durable container.

Linear Programming

A mathematical technique for maximizing or minimizing a linear objective function, subject to linear equality and linear inequality constraints.

Constraints

are limitations or restrictions that affect the planning and execution of projects, including time, budget, materials, and human resources.