Companies Need to Be Cautious of _____ and _____ When

question 21

Short Answer

Companies need to be cautious of _____ and _____ when going international because they differ from country to country.

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Definitions:

Reasonable Precautions

Measures that are taken to prevent harm or damage that a prudent person would consider reasonable under given circumstances.

Dangerous Animals

Animals that pose a significant risk of harm to humans, property, or other animals, often subject to specific legal regulations.

Insurance Policy

A legal agreement between an insurer and the insured, providing financial protection against loss or damage in return for payment of a premium.

Total Loss

A situation in which property is so severely damaged that repairing it is not reasonable or possible, often leading to a claim of the full insured value.