Jim and Sandy Are Developing a Personal Insurance Program

question 45

True/False

Jim and Sandy are developing a personal insurance program. One of their goals should be to reduce the possible loss of income due to fire or theft.

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Definitions:

Right to Choose

The consumer’s entitlement to have a variety of options when selecting goods or services, emphasizing the importance of competition and quality in markets.

Economic Espionage

The illegal practice of stealing confidential information from businesses to gain a competitive advantage.

Trade Secrets

Confidential business information that provides a company a competitive edge.

Intellectual Property

Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, and symbols.