COMMERCE

Life Assurance is one important branch of insurance which is taken as a protection against loss caused by the death of a person. This policy covers human beings and not ...

Marine insurance is a branch of insurance which covers losses or liabilities relating to ship and their cargoes against the dangers or perils of the sea. This is probably the ...

There are various risks which a business should Insure against. These constitute the various types of insurance, namely: Bad debts. Goods in transit. Group insurance. Cash in transit. Fidelity guarantee ...

Insurance can be defined as an agreement whereby one party promises to indemnify or pay another party a sum of money in the event of his suffering a specified loss ...

CAREER OPPORTUNITIES IN COMMERCIAL STUDIES There are various career opportunities available for people in the job market, but this book will look at different categories of careers opened to commercial ...

ORGANISATIONAL SET UP The organisational set up of a business involves the allocation of responsibilities and functions to different components of an organisation and delegating authority to each position in ...

NATIONALISATION Nationalisation is a deliberate policy by which government takes over the control and ownership of private enterprises due to economic, political, social or strategic reasons. In other words, nationalisation ...

Formation: The International Monetary Fund was set up after the Second World War in order to encourage the development of foreign trade. It began operation in 1947 with headquarters in ...

Formation: The Niger Basin Commission (NBC) was established by countries located in the Niger basin to maintain better co-operation on the use of the River Niger. The treaty establishing the ...

Formation: The Lake Chad Basin Commission (LCBC) is an organisation set up to foster cooperation among countries sharing a common border with Lake Chad with respect to the usage of ...