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Caleb Brown Has Been the Sole Owner of a Bicycle

question 20

Multiple Choice

Caleb Brown has been the sole owner of a bicycle sales and repair shop for many years.Which of the following business types would best protect Caleb's personal assets from product liability exposure?


Definitions:

Number Of Children

The count of offspring a person or population has.

Probability Model

A mathematical representation that defines the likelihood of various outcomes in a random process.

Fair Die

A die that has an equal chance of landing on any of its faces when thrown.

Insurance Policy

An insurance policy is a contract between an insurer and policyholder, defining the terms under which compensation is provided for losses or damages covered by the policy.

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