Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter C.2, Problem C.2AQ
Summary Introduction

To discuss: Whether the car repair shop’s insurance covered the damage caused by the storm.

Introduction: Risk refers to the lower probability rate of success associated with a new start up in any field.

Insurable risk refers to the type of risk that is insured by various insurance companies.

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