Ron was concerned that customers at his store might be injured while on the premises and file a lawsuit against him. To provide protection against such claims, Ron should purchase:
(a) liability insurance
(b) social insurance
(c) surety bonds
(d) inland marine insurance
Ans: (a) liability insurance
Business
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Externalities are costs of production borne by the enterprise that causes them.
a. true b. false
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Credit cards are a ready source of temporary financing that can carry a company through the start-up phase until it begins generating positive cash flow
Indicate whether the statement is true or false.
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