If You Purchase a Synthetic Ruby, Which of the Following

question 7

Multiple Choice

If you purchase a synthetic ruby, which of the following is true about that gemstone?

• A) It may have intrinsic value but it is not a naturally occurring mineral since it is synthetic
• B) A synthetic or manufactured ruby is worth more than a naturally occurring ruby
• C) A synthetic ruby forms by natural processes on the Earth
• D) A synthetic ruby is identical to a natural ruby except for how it formed

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Definitions:

Identification

The act of identifying or confirming the identity of an individual or object.

Risk of Loss

The potential for an investment or venture to result in financial loss, a fundamental consideration in finance and insurance.

Sales Contract

A legal agreement between a buyer and seller detailing the terms and conditions of a sale of goods or services.

Insurance Coverage

A contractual agreement where an insurer agrees to compensate the insured for specific losses or damages in exchange for premiums paid.