Auto Insurance Is Needed Primarily

question 65

Multiple Choice

Auto insurance is needed primarily:

• A) to finance maintenance of auto.
• B) as a protection against potential liability claims.
• C) as a part of the lender's requirements.
• D) to counter the effects of increasing fuel prices.
• E) to satisfy federal requirements.

---

Definitions:

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns, involving equity shares, debt securities, or other financial vehicles.

Angel Investor

A well-off individual who invests in a start-up, commonly in return for a stake in equity or convertible debt.

Due Diligence

An investigation, audit, or review performed to confirm the facts of a matter under consideration, commonly used in business for verifying financial records before entering into a proposed transaction.

Exit Plan

A strategic plan developed by business owners and investors to sell their stake in a company to realize their investment's value.