Select the correct option and rewrite the sentence: 1. The functions of management end with __________. 2. The word 'entrepreneur' is derived from the __________ word 'entreprendre... Select the correct option and rewrite the sentence: 1. The functions of management end with __________. 2. The word 'entrepreneur' is derived from the __________ word 'entreprendre'. 3. In online shopping, customers put the product in the __________. 4. In India, the consumer protection Act was initiated in the year __________. 5. Principle of __________ is not applicable to life insurance.
Understand the Problem
The question is requesting information to complete a set of sentences by selecting the correct options for management functions, the origin of the word 'entrepreneur', aspects of online shopping, and consumer protection in India. This appears to be a typical school exam question format requiring knowledge in commerce and management.
Answer
1. Controlling 2. French 3. Shopping cart 4. 1986 5. Indemnity
- The functions of management end with controlling. 2. The word 'entrepreneur' is derived from the French word 'entreprendre'. 3. In online shopping customers put the product in the shopping cart. 4. In India, the Consumer Protection Act was initiated in the year 1986. 5. Principle of indemnity is not applicable to life insurance.
Answer for screen readers
- The functions of management end with controlling. 2. The word 'entrepreneur' is derived from the French word 'entreprendre'. 3. In online shopping customers put the product in the shopping cart. 4. In India, the Consumer Protection Act was initiated in the year 1986. 5. Principle of indemnity is not applicable to life insurance.
More Information
The principle of indemnity applies to most insurances but not life insurance, as life insurance is viewed not as compensatory but as a monetary benefit.
Tips
A common mistake is confusing 'indemnity' and 'insurable interest' in regards to life insurance. Indemnity doesn't apply to life insurance.
Sources
- The word 'entrepreneur' is derived from the word 'entreprendre' - Imaduddin - imaduddineducare.com
- The function of management end with controlling - Scribd - scribd.com
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