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Sergeu [11.5K]
3 years ago
9

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

Business
1 answer:
dexar [7]3 years ago
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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What are departments called that resemble separate businesses in that they produce and market their own products?
lord [1]

The departments called that resemble separate businesses in that they produce and market their own products are the Divisions. Furthermore, the head of each division may be a corporate vice president or if the organization is large enough, it is a divisional president.

4 0
3 years ago
Evaluate the sample Registered Nurse résumé, considering content, format, style, effectivness, etc. On a scale of 1-10, 10 being
Andru [333]

<u>Answer:</u>

<em>As a </em><em>matter of first importance</em><em>, managers need to know whether you're equipped for the activity. </em><em>Procuring chiefs</em><em> invest the vast majority of their energy skimming through resumes to recognise catchphrases that match the </em><em>expected set of responsibilities.  </em>

<u>Explanation:</u>

Each time you go after a position, cautiously dismember the activity posting. Make a rundown of abilities, information, and experience required for the position that match your experience.

After you've made a rundown, distinguish the most grounded matches. These will be the catchphrases you'll use all through your resume.

6 0
3 years ago
Read 2 more answers
The price elasticity of demand is: ________ A. negative, but the minus sign is ignored. B. positive, but the plus sign is ignore
stira [4]

Answer:

A. negative, but the minus sign is ignored.

Step-by-step explanation:

The price elasticity of demand is negative, but the minus sign is ignored.

By definition, price elasticity of demand can be defined as the degree of responsiveness of a change in quantity demanded as a result of a change in price of the commodity.

That is, one percent change in price leads to one percent change in quantity demanded.

Price elasticity of demand is negative but the minus sign is ignored. In economics, we interpret the value in absolute terms such that the minus sign is ignored. When PED is negative, it implies that a one percent change in price of a commodity will lead to a small change in quantity demanded of the commodity. In this case, PED is fairly inelastic; that is, Ed < 1. The commodity in question is a normal good and is conformed to law of demand which states that the higher the price of a commodity, the lower the quantity demanded, and vice versa, all things being equal (celeris paribus).

6 0
3 years ago
What is the price of cheetos<br>​
LenaWriter [7]

$1.78 or $2.98 eeek i think

6 0
3 years ago
Read 2 more answers
Cortez Company updates its inventory records perpetually. The company's records showed a beginning inventory of $21,000, cost of
Kipish [7]

Answer:

$31,000

Explanation:

Data provided

Cost of goods sold = $29,000

Beginning inventory = $21,000

Ending inventory = $23,000

The computation of inventory purchased during the year is shown below:-

Cost of goods sold = Beginning inventory + Purchase inventory - Ending inventory

$29,000 = $21,000 + Purchase - $23,000

Purchase inventory during the year = $31,000

4 0
3 years ago
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