Which of the Following Statements Is Correct with Respect to Bonding

question 75

Multiple Choice

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

• A)Bonding provides protection against losses incurred because of fluctuations in the financial markets.
• B)Bonding provides protection to the victim injured by the wrongful conduct of the person bonded.
• C)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.
• D)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.
• E)Bonding is another term for insurance.The two terms,bonding and insurance,are interchangeable.

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Definitions:

Parent-Child Pair

A dyadic relationship involving one parent and one child, focusing on the interactions and bond between them.

Correlation

A measure that indicates the extent to which two or more variables fluctuate together.

Positive Correlation

A relationship between two variables in which both variables move in the same direction, indicating that as one variable increases, the other also increases.

Alcohol Consumption

The act of drinking beverages containing ethanol, which can have various effects on health and behavior depending on the amount and frequency of intake.