Auto Insurance Is Needed Primarily Because of

question 152

Multiple Choice

Auto insurance is needed primarily because of

• A)potential damage to auto.
• B)potential liability claims.
• C)lender's requirements.
• D)state law.
• E)federal requirements.

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Definitions:

Financial Statements

Formal records of the financial activities and condition of a business, person, or other entity, often including the balance sheet, income statement, and cash flow statement.

Potential Investors

Individuals or entities that have the capability to invest capital in a project or company but have not yet committed to the investment.