The insurance principle that requires full disclosure of information on the insured is known as ?
indemnity
caveat emptor
subrogation
uberrimae Fidel
Correct answer is D
Uberrima fides (sometimes seen in its genitive form uberrimae fidei) is a Latin phrase meaning "utmost good faith" (literally, "most abundant faith"). It is the name of a legal doctrine which governs insurance contracts. This means that all parties to an insurance contract must deal in good faith, making a full declaration of all material facts in the insurance proposal.
A printer that burns the print image into the photosensitive drum is called?
dot matrix printer
laser printer
daisy wheel printer
thermal printer
Correct answer is B
No explanation has been provided for this answer.
The share capital value that forms part of the balance sheet total is the?
issued share capital
called-up share capital
authorised share capital
paid-up share capital
Correct answer is A
issued share capital. The total of a company's shares that are held by shareholders. A company can, at any time, issue new shares up to the full amount of authorized share capital. Also called subscribed capital, or subscribed share capital. It is the face value of the shares that have been issued to the shareholders. Issued share capital and share premium represent the amount invested by the shareholders in the company.
services which are of absolute monopoly can best be provided by?
private companies
limited liability
public companies
public enterprises
Correct answer is D
Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly.
Extractive industries may also be denominated as?
direct industries
service industries
primary industries
indirect industries
Correct answer is C
An industry involved in the extraction and collection of natural resources, such as copper and timber, as well as by activities such as farming and fishing. A company in a primary industry can also be involved in turning natural resources into products. it involves industry, such as mining, agriculture, or forestry, that is concerned with obtaining or providing natural raw materials for conversion into commodities and products for the consumer.