Here is an essay on the risks faced by insurance companies. Introduction to the Risks Faced by Insurance Companies: The business of insurance is based on dealing with uncertainty. Therefore, an insurer needs to consider a wide range of possible risks and the outcome that may affect the current and future financial position. The range […]
Risks Faced by Insurance Companies | Essay | Management
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Public Utilities: Meaning, Characteristics and Problems | Business Management
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After reading this article you will learn about:- 1. Meaning of Public Utilities 2. Characteristics of Public Utilities 3. Problem of Ownership and Control 4. Organisation of Undertakings. Meaning of Public Utilities: Public utilities are those business undertakings which are engaged in the supply of some such services which are absolutely necessary for the community. […]
Authority: Concept, Characteristics and Kinds | Organisation
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After reading this article you will learn about:- 1. Concept of Authority 2. Characteristics of Authority 3. Kinds. Concept of Authority: Authority means right (to command) and power to act. Authority empowers the superior to make a subordinate to do the work. Everybody in the organisation, from top to bottom, possesses some authority to secure […]