Insurance covers losses resulting from damage to people or property when the insured party is judged responsible. a. disability b. key-person c. health d. liability

Whole test

1. identify the risk and potential losses

2. Liability

3. insurance covering losses resulting from medical and hospital expenses as well as income lost form injury or disease.

4. Commercial paper

5. Equity financing

6. Bonds

7. Cash-flow management, financial control, and financial planning

8. Debt financing

9. insurance

10. Risk- return relationship