Or Long-Term Relationships to Work, It Initially Requires _________________ from Both

question 59

Multiple Choice

or long-term relationships to work, it initially requires _________________ from both parties. Although these longer term relationships can bear significant benefits for the customer and service provider, the road will not always be a smooth one.

• A) a strong commitment
• B) a strong communications system
• C) a good understanding of each other
• D) a meeting of the minds
• E) a pledge to work together

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Definitions:

Insurable Interest

A requirement that a person must stand to suffer a direct financial loss from the damage, loss, or destruction of the property or life insured.

Goods-in-bailment

Refers to personal property that has been delivered into the hands of another for custody or performance of some service, without transfer of ownership.

Economic Interest

A vested interest in financial gains or losses, typically relating to investments, ownership, or participation in business ventures or market activities.

Risk of Loss

The potential that an investment or transaction may result in loss, attributed to various factors.