The Most Important Investment Prerequisites Are

question 6

Multiple Choice

The most important investment prerequisites are

• A)adequate income and savings.
• B)adequate income and insurance.
• C)adequate insurance and liquidity.
• D)an investment plan and professional advice.
• E)consistency and risk awareness.

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Definitions:

Conglomerate Merger

A conglomerate merger is the combination of two or more companies engaged in entirely different business activities, usually to diversify product lines and decrease risk.

Functional Interchangeability Tests

Procedures or assessments to determine if different products, parts, or systems can perform the same function in the same environment effectively.

Line of Commerce

Refers to a specific category of products or services within a particular industry or market.

Primary-Line Injury Claim

A type of insurance claim that involves direct or first-line compensation for injuries suffered.