The Figure Above Represents Two Types of Chip Carriers

question 119

Multiple Choice

The figure above represents two types of chip carriers. The one on the right is a ____.

• A) PGA
• B) DIP
• C) PID
• D) GAP

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Definitions:

Establish

To set up or lay the foundation for something, often referring to creating a new business, institution, or system.

General Partners

Individuals in a partnership who have full liability for the debts of the partnership and take part in managing the business.

Conversion Clause

A provision in a contract or policy allowing for the change of one form of benefit or contract to another, such as converting from a term to a whole life insurance policy.

Fiduciary Duty

The obligation to act in the best interest of another party, such as a trustee's duty towards the beneficiaries of the trust.