Which of the Following Statements Is Correct with Respect to Bonding

question 49

Multiple Choice

Which of the following statements is correct with respect to bonding?

• A) Bonding is another term for insurance. The two terms, bonding and insurance, are interchangeable.
• B) If a person is bonded and that person commits some wrongful act such as stealing a client's money, the bonding company is bound to compensate him for any losses he suffers from being caught.
• C) Bonding provides protection to the victim injured by the wrongful conduct of the person bonded.
• D) Bonding provides protection against losses incurred because of fluctuations in the financial markets.
• E) Bonding is a government certification system whereby the government guarantees that a person so bonded or certified will do the job he is hired to do as set out in the bonding certificate.

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Definitions:

Medical Model

A framework for understanding diseases and disorders as processes that can be diagnosed, treated, and often cured through medical intervention.

Diagnosis

The process of identifying a disease or condition by examining the symptoms and reviewing patient history and tests.

Behaviour Patterns

Repeated sets of actions or reactions exhibited by individuals in response to specific situations or stimuli.

Prognosis

The likely course or outcome of a disease or ailment, often considering the chances of recovery.