MATCHING Complete the Following Using the Terms Listed

question 121

Multiple Choice

MATCHING
Complete the following using the terms listed.
-The form of business ownership that is least subject to legal red tape is _____.

• A)sole proprietorship
• B)small business
• C)corporation
• D)merger
• E)acquisition
• F)horizontal merger
• G)conglomerate merger
• H)cooperative
• I)vertical merger
• J)business incubators
• K)business plan
• L)alien corporation
• M)preferred stock
• N)franchising

Recognize the importance and components of an effective code of conduct.

Understand the implications of fair use in copyright law.

Identify the ethical obligations employees have towards their employers.

Understand the standards and conditions that justify whistle-blowing according to ethicists.

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Definitions:

Life Insurance

A policy that provides financial compensation to a designated beneficiary upon the death of the insured individual.

Insurance Policy

An insurance policy is a contract between an insurer and the insured, detailing the terms under which the insurer agrees to compensate for specific financial losses or damages.

Utmost Good Faith

A legal doctrine requiring parties to act with honesty and not mislead or withhold information from each other.

Co-insurance Clause

A provision in insurance policies that divides the risk of loss between the insurer and the insured, based on a fixed percentage of the value of the insured item.