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:

High-End Wok

A superior quality cooking utensil specifically designed for stir-frying and other high-heat cooking techniques, often made from premium materials.

Equal Size

A condition or notion where elements or objects possess the same dimensions, volume, or quantity.

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Individuals who travel primarily for business purposes, often involving visits to different cities or countries.

Leisure Travelers

Individuals or groups traveling for non-business purposes, such as relaxation, vacation, or recreation.