What is the principle of indemnity? Why is this principle important?

1 answer:

8 0

This principle states to compensate the insured organization or private individual so that their financial position is not affected by the loss. This principle means that someone seeking to take out insurance should not be able to earn a profit from the loss incurred. Example; an office fire ruins computers and therefore the insurance company would compensate only for the value of the equipment and they would not buy a brand new computer as this would mean that the insured individual or business has profited from the fire caused.

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Mike could leave lon behind, walk lon home, offer to pay for a taxi or finally he could stay with him.

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Morris' company decided in the beginning of 2017 that they need to make $6,000,000 worth of improvements starting january 1, 202

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<span>In order to determine the amount of the deposits, you must divide the overall amount needed by the future value of annuity due of 1 at 10% for 4 periods. $6,000,000 / 5.11 = $1,174,168.</span>

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Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and

Rus_ich [418]

Answer:

The answer to the following question is given below :

Explanation:

The typical model of production was structured to meet the challenges and bring benefits. With new capacity and operating results, the supply chain has become progressively more competitive and efficient.
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3 years ago

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Dimas [21]

Answer:

Since the options were granted at an exercise price of $15 when the market value of the shares was $20, total compensation under the intrinsic method would be $5 per share on 1,000 shares or $5,000. Since the options are exercisable on 1/2/X2, the $5,000 in compensation would all be recognized n 20X1.

Explanation:

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3 years ago

Prices usually reflect a. both the value of a good to society and the cost to society of making the good. b. only the cost to so

quester [9]

Answer:

The correct answer is letter "A": both the value of a good to society and the cost to society of making the good.

Explanation:

Price is the monetary value of a good or service that consumers are willing to pay and producers are willing to accept. <em>For companies, it represents the production costs of the good plus the unitary revenue they expect to obtain. For consumers, it is the value they provide to the good offered according to the type of need the good is destined to fulfill.</em>

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