Q. 1. A insured his house against fire. Later while insure‚ A killed his wife‚ severely injured his only son‚ set fire to the house and died in the fire. The son survived and sued the insurer for the fire loss‚ advice the insurer. Explain briefly? (5 Marks) Q.2 a) Satrang Singh admitted his only infant son in a private nursing home. As a result of strong dose of medicine administered by the nursing attendant‚ the child
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Important Laws That Affect Your Business Introduction: In the present world business plays an important role in every sphere of life. Business determines one’s life style‚ standard of living‚ education and even cultural standard. So to lead a bette-r life we need to understand business and study business. Business is dynamic – always changing. Coping with both predictable and unpredictable events can be easier‚ more efficient‚ and less traumatic if we understand business. Study of business will help
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Four Functions of Management Jennifer Tsouloufas MGT / 230 Management Theory and Practice January 14‚ 2013 Mark Hardee Abstract This paper will attempt to define and describe the four functions of management‚ planning‚ organizing‚ leading‚ and controlling. It will also relate each function to observations within the organization that I work. Planning “Management in the process of working with people and resources to accomplish organizational goals” (Bateman‚ Snell‚ 2011‚ para. 1). A good
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The past and the present Our life is like a triangle‚ past‚ present‚ future is like three different vertices in one triangle. Each of them has their own world but they are interknitted by each other. Memory and physical world is a pair of intriguing words which effect each other. Our present is consist of many pieces of the past and we can learn lessons from the experience of the past to affect the present life. Thus‚ how to deal with the relationship between memory and physical world
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1. Introduction An organization’s operations function is concerned with getting things done i.e. producing goods and/or services for customers. Effectively‚ the main objective of the operations function is to produce those goods and services required by customers whilst managing resources as efficiently as possible. 2. RELATINSHIP WITH OTHER ORGANIZATIONAL FUNCTIONS The operations function lies at the heart of any organization and interacts with all the other functions. Although
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Function and Role of Law in Business and Society LAW 421 Function and Role of Law in Business and Society Our system of societal life could not exist without a set of rules that govern human behavior or business interactions. Black’s Law Dictionary defines these rules‚ called “law‚” as “the body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force” (Melvin‚ p. 4‚ 2011). The most important aspects of law is that it creates duties‚ obligations‚ and
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The Functions of Management There may be many ways for an organization to become successful but the key to success is not the system of the firm but the character and skills of the individual manager (Maister‚ 2002). Maister further stated that the character and skill of individual managers who "practice what they preach" and recognize the manager’s role in training employees are what’s really significant. Management is necessary for a business to function‚ yet when exploring the role of the
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assess the view that‚ in today’s society the family is losing its functions. Many sociologists argue that since the Industrial revolution‚ after the pre - modern society that the family has lost many of its functions and some argue they haven’t. Parson and Dennis‚ functionalist sociologists argue that the functions that would have usually been performed by the family have now‚ in the modern society been removed from the family. They believe that these functions have now been transferred to other
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Team C Reflection Team C will discuss the differences between substantive law‚ procedural law‚ criminal law‚ civil law‚ common law‚ and statutory law. We will provide examples of each law and try to discuss what U.S. Constitution amendments were implemented to protect the rights of businesses and organizations. Civil cases usually involve private disputes between persons or organizations. Criminal cases involve an action considered to be harmful to society as a whole. A civil case begins when
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Describe the role of the reinsurance industry. Give examples from recent events of the importance of the sector. Jack Nolan (09006300) 1. Introduction: What is reinsurance? Why do insurance companies go through the process of insuring policies before transferring them to other entities? Reinsurance is a method which involves insurers insuring their own respective risks with reinsurance firms. Firstly‚ an important function of reinsurance is to ensure that the insurance operations of company’s
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