1. What are the important components of the cost management plan?
2. Define and describe the concept of a surety. In your response define and describe the concept of an insurable interest and the factor of risk as it applies to insurance.
For two points of extra credit describe the concept and process relative to subrogation.
3. Define and describe the concept of bankruptcy as it applies in business and to individuals. And describe the difference between a voluntary and involuntary bankruptcy.