Types of Marine Insurance Policies The following are various types of marine insurance policies. 1. Voyage Policy: In this case the subject matter is insured for a particular
What are Hundis? An age-old tradition of business transactions, peculiar to India, Hundis are negotiable instruments written in various vernacular local languages in the country. The term is
Methods of determining cost price of stocks The term “Cost Price” has been interpreted in many ways, which are as follows: 1. Unit Cost Method: Under unit cost
Types of Fire Insurance Policies The following are some important kinds of fire insurance policies: 1. Specific Policy: Under it, any loss suffered by the assured is covered only up
Procedure or Steps in taking Fire Insurance Policy The following procedure is to be followed for taking a fire insurance policy. 1. Selection of Insurance Company First of all one
What is Deficit finance? Deficit financing is a method of meeting Government deficits. In India, Government deficit was filled up through the creation of new money. But now
Primary Market Reforms in India – SEBI Guidelines SEBI has introduced various guidelines as regulatory measures for capital issues. They are as below: 1. Disclosure of All Material
What is Material Price Variance? Material Price Variance is the part of direct material cost variance. According to ICMA, London, “It is that portion of the direct material
5 Important Functions of Business Policies The important functions of business policy are: 1. Objectives of the company are defined and classified. 2. The planning function is done
Factors affecting business ethics The business executive working as a professional manager has to decide what is ethical or unethical. Many factors influence this decision. In part, what