Alain and Bette Are Partners Who Own and Operate Cakes

question 45

Multiple Choice

Alain and Bette are partners who own and operate Cakes n' Pies, a chain of dessert restaurants. Their partnership obtains insurance on Alain and Bette's lives. This is

• A) ​disability insurance.
• B) ​all-risk insurance.
• C) ​key-person insurance.
• D) ​liability insurance.

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Definitions:

Status Groups

Groups within society that are differentiated by characteristics such as prestige, honor, lifestyle, and education rather than by economic position alone.

Max Weber

A German sociologist, economist, and political scientist known for his ideas on social theory and the study of society, particularly regarding bureaucracy, the religion and economy connection, and social stratification.

Social Honor

The social recognition, respect, and admiration one receives from others in society based on achievements, character, or status.

Classes

Social groupings based on similar economic positions and levels of material possessions, often associated with power and privilege differences.