UNDERSTANDING BUSINESS
12th Edition
ISBN: 9781264161881
Author: Nickels
Publisher: MCG
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Chapter C, Problem 4DCS
Summary Introduction
To discuss: The liability insurance, automobile insurance, health insurance, renter’s insurance, life insurance, and disability insurance and examine if everyone understands about these insurance policies.
Introduction:
Insurance policies refers to the agreement set between the insured and the insurer of the policy in a company wherein the insurer is obliged to pay the insured as per the agreement of the insurance policy.
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Chapter C Solutions
UNDERSTANDING BUSINESS
Ch. C.1 - Prob. C.1AQCh. C.2 - Prob. C.2AQCh. C.2 - Why are companies more aware now of the need to...Ch. C.2 - Prob. 2TPCh. C.2 - What are the four major options for handling risk?Ch. C.2 - Prob. 4TPCh. C.3 - Prob. 5TPCh. C.3 - What is the rule of indemnity?Ch. C.4 - Prob. C.4AQCh. C.4 - Prob. 7TP
Ch. C.4 - Prob. 8TPCh. C - If you are interested in pursuing a career in risk...Ch. C - Prob. 2CECh. C - Prob. 3CECh. C - 1. Are you self-insuring your residence and your...Ch. C - Prob. 2CTCh. C - Prob. 3CTCh. C - Prob. 4CTCh. C - 1. List the ways you could reduce risk in your...Ch. C - Prob. 2DCSCh. C - 3. Much of risk management consists of reducing...Ch. C - Prob. 4DCSCh. C - Write a two-page essay on the risks of a terrorist...Ch. C - Prob. 1PPTCh. C - Prob. 2PPTCh. C - Prob. 3PPTCh. C - Prob. 4PPT
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- Identify and explain at least three factors that influence how entrepreneurship and the role of an entrepreneur are defined in a society.use thabos experience in Botswana as an examplearrow_forwardEvaluate the criteria that Thabo should consider when choosing the most suitable financing option ?arrow_forwardIdentify possible sources of financing available to Thabo.discuss their pros and consarrow_forward
- How could Thabo apply the design thinking pricess to further improve his product or service delivery ? Discuss.arrow_forwardWhat are the steps an enterpreneur takes to identify opportunitiesarrow_forwardThabo Motsumi, a young entrepreneur from Maun, Botswana, noticed a rising problem of plastic waste in his community. Inspired by the idea of sustainable development, he launched Eco-Bricks BW, a small business that converts plastic waste into durable building bricks. Despite operating with limited resources, Thabo managed to partner with local schools, employ youth, and sell the eco-bricks to local contractors. His product is gaining attention for being both affordable and environmentally friendly. However, Thabo faces challenges such as limited financing, lack of advanced equipment, and the need for innovative strategies to grow. Question 1 i. Explain how Thabo recognized an entrepreneurial opportunity in his community. What steps did he likely take to identify and evaluate this opportunity? (15 marks)arrow_forward
- Distinguish between kings 11 and kings 111 reports on corporate governancearrow_forwardQUESTION 2 Read the following scenario carefully and then answer the question below: Gorata Mbaiwa, the former Chief Executive Officer of Okavango (Ltd), has succeeded the retiring chairman of the company's board of directors. Shareholders have contended that this succession contravenes established best practices in corporate governance. Additionally, some individuals have expressed a lack of understanding regarding the concerns raised by shareholders. Required: Given the context of Gorata Mbaiwa's appointment as Chairman of Okavango (Ltd) after serving as CEO, analyse five potential violations of corporate governance principles that would reasonably lead to shareholder concern. (25 marks)arrow_forwardQUESTION 1 The Enron scandal serves as a critical case study in corporate governance and ethics. Answer the following questions based on your understanding of the Enron case: The Enrol Scandal The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously one of the five largest in the world. The largest bankruptcy reorganization in U.S. history at that time, Enron was cited as the biggest audit failure. Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. Several years later, when Jeffrey Skilling was hired, Lay developed a staff of executives that- by the use of accounting loopholes, the misuse of mark-to-market accounting, special purpose entities, and poor financial reporting - were able to hide billions of dollars in debt from failed deals…arrow_forward
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