The First Task to Be Completed Before a Comprehensive Insurance

question 49

Multiple Choice

The first task to be completed before a comprehensive insurance program for a business can be developed is:

• A) to develop a financial plan.
• B) to assess internal strengths.
• C) to identify risks.
• D) to provide a business succession plan.

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Definitions:

PLC Connection

A method of connecting Programmable Logic Controllers for automation and industrial control systems.

Geometric Average Return

The average compound return earned per year over a multi-year period.

Dividends

Payments made by a corporation to its shareholder members, representing a portion of the corporate profits.

Capital Gains Yield

The percentage change in the market price of an asset over a period, excluding dividends.