The First Task to Be Completed Before a Comprehensive Insurance

question 7

Multiple Choice

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

Proportion

A part, share, or number considered in comparative relation to a whole.

Independent

Not influenced or controlled by others; acting freely.

P(A|B)

The likelihood of event A happening provided that event B has taken place.

P(B|A)

The probability of event B occurring given that event A has already occurred.