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Nutka1998 [239]
3 years ago
5

What is the main difference between the equity and exchange philosophies of compensation?

Business
1 answer:
kykrilka [37]3 years ago
3 0
The equality pilosophy base on available budget, the exchange pilosophy is based on profit margins.

The equality pilosophy is based on fairness, the exchange pilosophy is based on employee value
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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>.

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