A component is the line that marks the inside or outside of a system
Indicate whether the statement is true or false
FALSE
Explanation: A component is an irreducible part or aggregation of parts that makes up a system.
Business
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Reasons for the unearned premium reserve include which of the following? I. To pay losses that occur during the policy period. II. To pay premium refunds to policyholders in the event of cancellation
A) I only B) II only C) both I and II D) neither I nor II
Business
Bankruptcy is the legal process in which an individual or business declares the inability or impaired ability to pay debts as they come due
Indicate whether the statement is true or false
Business