If a firm is a natural monopoly, illustrate with the use of diagrams why is it is necessary to have the price set by a regulatory authority rather than by the market May 25, 2016 Read More »
What recommendations would you make in relation to each of the above departments? May 25, 2016 Read More »
)Explain the requisites of insurability.(6 marks) ii)Discuss the purposes of underwriting (6 marks) May 19, 2016 Read More »
Risk management techniques can be applied in any type of organisation,although they are more commonly associated with large company.Briefly discuss with relevant examples the tools and techniques that a risk manager in a large firm may employ to identify the risk in the organisation. May 19, 2016 Read More »
“Business should not risk too much by assuming risks they may not have the capacity to accommodate.”Discuss. May 19, 2016 Read More »
Insurance without an undercover is like a pilot without a compass REQUIRED: A)Comment on the above (5 marks) b)Discuss the process of underwriting (10 marks) May 19, 2016 Read More »
“Every circumstance is material which would influence the judgement of a reasonable insurer in fixing the premium or determining whether he will take the risk or not”. a)Discuss the statement in relation to contacts of insurance and quote any reiterate case to support your answer May 19, 2016 Read More »
A workshop technician was rushes to a medical facility after rescue from an accident at a lathe machine that resulted in bleeding from the left arm.An investigation report has been ordered by the officer in charge of health and safety at the institution.Give an outline of the required report May 19, 2016 Read More »
Using specific examples of machines in mechanical industry plant,explain the operation,sources of danger and precautions in the following mechanical actions Punching action (4 mrks) Shearing action (3 mrks) Bending action (3 mrks) May 19, 2016 Read More »
