Finance
Concepts of hire Purchase Sometimes, entrepreneurs may not be in a position to pay the full cost of the asset. In such situations, they can opt for hire purchase. …
Finance
What is Leasing? Leasing is a kind of financial service which allows a firm to use and control the asset without acquiring it. Leasing helps small firms to acquire …
Business
Sources of Short-Term Finance Important sources of short-term finances are Trade Credit, Cash Credit, Advance by Customers, Accrual Account, Short-term Public deposits, Overdraft, Discounting of Bills and Short-term loans. …
Business
Sources of Long-Term Finance The sources of long term finance are as follows: 1. Shares An organization can raise long term funds through issue of shares. It is one’s …
Insurance
Concepts of Personal selling in Insurance Among the various promotional strategies, personal selling occupies a place of outstanding significance. This is due to the fact that the insurance business …
Insurance
Procedure to be followed for effecting Life Insurance Policy The following procedure has to be followed to effect a life insurance policy: 1. Filling up a proposal form The …
Insurance
What is Principle of Causa Proxima? Proximate cause means the active, efficient cause that sets in motion a chain of events which brings about a result, without the intervention …
Insurance
Methods of Risk Classification Risk can be classified through following two methods in Insurance. 1. Judgement or Assessment method In Judgement or Assessment method, the insurer studies all the …
Insurance
Challenges to be encountered in the Indian Rural Insurance Market The task of providing insurance services to the people in rural areas will be major challenge for both public …
Office Management
Introduction Use of machines has become an important part of the functioning of a modem office organization. They are also called as labour saving devices. There are a large …