Scribd
Upload
41 views2 pages

Gap Filling - 04

1. The principles of subrogation and utmost good faith are discussed in relation to different types of insurance policies. Motor vehicle insurance covers vehicles, passengers, and property damage while third-party insurance only covers other parties and property damage. 2. Marine insurance covers damages to goods at sea while marine hull insurance covers losses to ships at sea. Ship repair insurance covers damages during ship repairs and port risks insurance covers damages when ships are docked. 3. Communication in organizations can be formal or informal, and vertical or horizontal depending on structure. 4. The Internet is an international computer network while an intranet is a private telephone network. Certificates of origin certify that exported goods were produced in the

Uploaded by

theprintconer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
41 views2 pages

Gap Filling - 04

1. The principles of subrogation and utmost good faith are discussed in relation to different types of insurance policies. Motor vehicle insurance covers vehicles, passengers, and property damage while third-party insurance only covers other parties and property damage. 2. Marine insurance covers damages to goods at sea while marine hull insurance covers losses to ships at sea. Ship repair insurance covers damages during ship repairs and port risks insurance covers damages when ships are docked. 3. Communication in organizations can be formal or informal, and vertical or horizontal depending on structure. 4. The Internet is an international computer network while an intranet is a private telephone network. Certificates of origin certify that exported goods were produced in the

Uploaded by

theprintconer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

1. a.

The principle of transferring of the right of an insure to obtain compensation from


external parties to the insurer is…………………………………and the insurance
principle that declares all relevant information to the insurer by the insure is known
as ………………………………….
b. Motor vehicles, passengers, external parties and all properties damaged are covered
by ………………………. Insurance policy and only the external parties and
properties damaged are covered by ……………………….insurance policy.
2. a. ……………………………… is taken by persons with insurable interest to cover the
damages that can be caused to goods at sea and ……………………………….
Indemnifies any losses that could take place to the ship at sea.
b. The policy which cover any damage that may occur during the repairing of a ship
is………………………………………..and the policy that covers the damages
caused when a ship is stopped at the port
is……………………………………………….

3. Communication can be categorized as ……………………………… and


………………………………….. according to the way that communication takes place
in an organization and as …………………………………….. and
………………………. based on organizational structure.

4. a. …………………………………… is a computer network that covers a wide range


or a computer network that is available internationally and a ……………………….
Is a telephone network installed privately to exchange information within the
organization through a telephone network.

b. When exporting goods, the document issued by a recognized institution certifying


that the goods have been produced by the exporting country is known as
……………………………

5. The board with the arrow, which shows emergency exit in an organization can be
considered as ……………………………….and …………………………….
Communication method, while a letter sent to a customer by the organization can be
considered as ……………………………….and ……………………………
communication method.

1|Business Studies 2024 Revision-Nimesh Dayananda


6. a. Among the elements of transportation system, habour belongs to the element of
………………………. And railway track belongs to the element of
…………………………………

b. A document issued by an authorized institution of the exporting country confirming


the suitability of consumption of export-agro products is ………………………….
Certificate and a document issued by a shipping line to the exporter indicating that
the goods have been accepted for shipping is
………………………………………………..

7. a. Export of imported goods after value addition in the customs-bonded warehouses


is………………………………………..trade and export of equipment to imported
country after use is ………………………………………

b. The shops that sell goods to an approved group of customers without tariff
are………………………………………..and the shops that specializes in selling
only the products of one manufacturer are ………………………………………

8. a. …………………………is the agent who buys or sells goods under his personal name
on behalf of the head and the ………………………………………. is the agent who
sells goods on credit and is responsible for the collection of debts from the relevant
parties.

b. Manufacturing firms of airplanes are an example for


………………………………….logistics and chemical companies are an example
for ……………………………………….logistics.

9. a. ………………………………….. is an additional layer is created in between two


floors of the warehouse and ……………………………………………. are small
baskets that fixed to the racks which have several layers.

b. ……………………………… and ……………………….. are two important


components of effective communication.

10. a. ………………………………… and …………………………… are not applicable


for life insurance.

b. Outbound logistic start from…………………………and ends with ………………


………………………

2|Business Studies 2024 Revision-Nimesh Dayananda

You might also like