Most Businesses Can Continue to Operate Indefinitely Even If They

question 2

True/False

Most businesses can continue to operate indefinitely even if they do not make a profit.

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Definitions:

Beneficiary

An individual or entity entitled to receive benefits or assets under a legal instrument, such as a will or insurance policy.

Bilateral Contract

A contract in which both parties make promises.

Consideration

In contract law, the mutual promise to exchange benefits and detriments between parties.

Premiums

The amount paid for insurance coverage or the payment above the nominal value of a security when issued.