To Prepare for the Possible Unexpected Loss of a Key

question 41

Multiple Choice

To prepare for the possible unexpected loss of a key employee like the CEO or CFO, it is a good idea to

• A) purchase key-person insurance.
• B) prepare a harvest and exit plan.
• C) purchase business liability insurance.
• D) develop a buffer strategy.
• E) prepare a business continuity plan.

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Definitions:

Cow Worship

The practice of venerating cows as sacred animals, particularly in Hindu culture, where cows are respected and honored.

Rural India

Areas in India that are characterized by lower population density, agricultural-based economy, and lesser access to healthcare, education, and technology compared to urban areas.

Globalization

The mechanism by which business enterprises or similar bodies start to exert influence on a global level or commence activities internationally.

Cultural Diversification

Cultural diversification is the process or state of being characterized by a variety of cultural expressions, traditions, languages, or practices within a society or among groups.