Businesses Foster Economic Development Via Modernization Projects and Entrepreneurial Activity

question 49

True/False

Businesses foster economic development via modernization projects and entrepreneurial activity in emerging markets and developing economies. Such efforts are a form of corporate social
responsibility.

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Definitions:

Insured

A person or entity covered under an insurance policy, providing protection against specified risks or losses.

Indemnify

To compensate for harm or loss, or to provide a security against any financial burden that might arise.

Fire

A rapid oxidation process generating heat, light, and various reaction products, often used for heating, power generation, or as a hazard.

Co-Insurance

An insurance policy feature where the insured party and the insurer share the covered losses in a defined proportion.