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Question
what does purchasing insurance for a business reveal about the business owners attitude toward financial risk?
it shows that the owner expects financial risk and is eliminating it by making an insurance company liable.
it shows that the owner acknowledges the financial risks and is willing to pay every month to transfer the risk to an insurance company.
it shows that the owner is willing to share ownership of the business to reduce financial risk.
it shows that the owner is willing to budget for short - term financial risks to avoid long - term risks.
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It shows that the owner acknowledges the financial risks and is willing to pay every month to transfer the risk to an insurance company.