Examlex

Solved

Although the Average Farm Size Has Increased in Recent Years

question 137

Multiple Choice

Although the average farm size has increased in recent years, the majority of farmers operate as ______ businesses.


Definitions:

Presumed

Accepted as true or valid based on the existing evidence or probability, without requiring proof or further demonstration.

Insurable Interest

A requirement in insurance policies that the policyholder must stand to suffer a financial or emotional loss if the insured event occurs.

Lease

A contract by which one party conveys land, property, services, or the use of assets to another party for a specified time, in return for a periodic payment.

Personal Property

Tangible and intangible assets owned by an individual or business that are not permanently attached to or part of real estate.

Related Questions