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2 years ago

The transfer of the right of recovery from the insured to the insurance company is called:

1 answer:

6 0

According to the research, the transfer of the right of recovery from the insured to the insurance company is called <u>Subrogation</u>.

<h3>What is subrogation?</h3>

It consists of changing the debtor or the lender in a financing, which produces a delegation or a succession of duties.

It is linked to subrogating a legal or natural person for another, replacing it, modifying the contract in terms of fulfilling an obligation or exercising an attribution.

Therefore, we can conclude that according to the research, the transfer of the right of recovery from the insured to the insurance company is called <u>Subrogation</u>.

Learn more about Subrogation here: brainly.com/question/14632197

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3 years ago

Murphy company has three departments, and uses a multiple predetermined overhead rate system. Department A manufactures parts in

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1. Department A (manufactures parts in a highly automated process): Machine hours

2. Department B (assembles the parts by hand): Direct labor hours

3. Department C (places completed units in a heat chamber to sterilize the before they are shipped out): Batches

Explanation:

Machine hours is used to measure factory overhead as against the goods produced. This method is usually applied in production environment using machine, and where the most activities are done by machines. On the other hand direct labor is used when the production of goods and services is done by human hands, and not machines. While Machine hours is the appropriate overhead allocation rate for Department A, Direct Labor hours will be appropriate for Department B. Hence Batches will be appropriate for Department C.

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3 years ago

In using the high-low method, the fixed cost is determined by subtracting the total cost at the high level of activity from the

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Answer: may be determined by subtracting the total variable cost from either the total cost at the low or high activity level

Explanation: In using the high-low method, the fixed cost may be determined by subtracting the total variable cost from either the total cost at the low or high activity level.

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3 years ago

Give some examples of each of the three ""occasions for decision"" cited by Chester Barnard. Explain in your own words why Barna

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Answer: The three "occasions for decision" are:

1. From authoritative communications from superiors

2. From cases referred for decision by subordinates

3. From cases originating in the initiative of the executive command

Explanation: Examples of the three "occasions for decision" are:

1. From authoritative communications from superiors: an increase in the annual target of a sales force, passed on from the director to the sales manager.

This type of decision making is usually about the application of an instruction.

2. From cases referred for decision by subordinates: decision to employ branch level staff, whose engagement is within the right of the branch manager

This occasion for decision shows a lack of authority in subordinates or an inability to be decisive in the subordinate.

3. From cases originating in the initiative of the executive command: the CEO deciding to take his brick and mortar business completely online.

This is a decision that that is totally the product of the executive head's thoughts, it is usually a strategic level decision and opens his authority to criticism.

Chester Barnard believed that this is the most important occasion for decision because the executive head is best placed to make these decisions in the organization. He has the authority as well as resources to ensure that the decision is followed through.

I also agree that this is the most important occasion for decision. While they are difficult decisions, they can determine the direction of an organization. There is no one better qualified than the executive command to make or initiate these decisions. Also, it is part of their responsibility to make these decisions.

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3 years ago