What does purchasing insurance for a business reveal about the business owner’s 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

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.