Answer:
These elements are definable risk, a fortuitous event, an insurable interest, risk shifting and risk distribution. in addition, there is a very important legal difference between a reserve and an insurance company.
Answer:
Blood enters the right atrium via the superior and inferior vena cava, flows to the right ventricle and then into the lungs, returns from the lungs to the left atrium and left ventricle, and exits out the aorta
Explanation:
The blood stream will flow to the right artium through the vena cava and moves to the right ventricle as well as the lungs. The blood is then returned back to the left atrium and ventricle from the lungs. It later flows out through the aorta. That is the sequence of flow of the blood streams to and from the lungs.
Answer:
1. False
The higher the figure, the higher the risk. Kindly note that loans are usually insured against default. The higher the amount insured, the higher the premium payable as insurance on such amounts.
2. False
It does not make for good internal control to have one person regardless of their position to have the final say on loans of great magnitude such as $5 Million. This can quickly degenerate into a situation where the officer involved is tempted to abuse that power. It makes for good corporate governance and risk management to ensure that the board is responsible for loans of such magnitude.
3. True
If a bank lost $100 in a thousand places, from loan default, that translates to a loss of $100,000. This relatively is large however it is small and will have less impact that a loss of a million dollars in 3 places. That's $ 3,000,000.
As already indicated, it makes for good loan disbursement governance, to ensure that there is at least two persons involved in the risk acceptance criteria (RAC) evaluation and loan disbursement process.
4. False
Separation of duties is the foundation of good internal control. It allows for greater objectivity. It is also key to carefully select signatories to loan disbursements. They have to be people of impeccable character and the company must exercise proper risk management to ensure that every protocol such as opportunity that may create the impulse or inclination to breach policy is removed completely.
Cheers!
Answer:
Daphne must go th Gentry's store to take delivery of the watch.
Explanation:
The UCC represents Uniform Commercial Codes and it is a set of laws regulating how businesses are transacted. It especially affects the transactions of businesses across several states to ease the burden of having to engage with multiple state laws when companies do businesses across state lines.
It can also be called the framework that assists companies to follow a standardized set of laws to transact business irrespective of their different states and the UCC is fully functional across several states of the United States.
The UCC affects Nine areas of business transactions
- General Provisions
- Sales of goods aside from service contracts and real estate
- Negotiable Instruments such as drafts and checks
- Bank activities including collections as wellas deposits
- Credit Letters
- Auctions, asset liquidation and bulk sales
- Title documents such as bills of lading, warehouse receipts
- Investment Securities
- Transactions of consignments, security interests, promissory notes and agricultural liens.
Under the sales of goods UCC, where there is no stated agreement between a buyer and seller on the delivery of a good, then the buyer is obligated to take delivery at the seller's shop
