In Order to Insure Property, a Person Must

question 29

Multiple Choice

In order to insure property, a person must:

• A)be the owner of the property.
• B)be the trustee of the property.
• C)be in possession of the property.
• D)be someone who would suffer financial loss in the event of damage to or destruction of the property.

Identify the key elements and importance of international trade agreements.

Describe societal moral standards and their impact on business ethics.

Identify factors contributing to major corporate failures related to ethical issues.

Understand brand elements and their significance in differentiating products.

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Definitions:

Retained Earnings

The amount of net earnings left in the company after dividends are paid out to shareholders, used for investment or to pay off debt.