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Why do we insure goods ?...

Why do we insure goods ?

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We insure goods to minimize the risk of loss. Goods may be damaged or destroyed by theft, fire and natural calamities in the process of transport and storage. Insurance protects against such loss.
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POONAM GANDHI-EVOLUTION AND FUNDAMENTALS OF BUSINESS-1.3 MCQs
  1. Name the manufacturing industry in which TV sets or computers are prod...

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  2. Name the auxiliary to trade which removes the hindrance of time.

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  3. Name the auxiliary to trade which removes the hindrance of exchange.

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  4. Name the commercial activity that removes the hindrance of knowledge.

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  5. Why do we insure goods ?

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  6. Name the type of manufacturing industry in which one material is separ...

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  7. Name the type of type of manufacturing industry wherein two or more i...

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  8. Name the type of type of manufacturing industry wherein a finished pro...

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  9. Is furniture making a manufacturing industry ? Why?

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  10. industries provide support services to primary and secondary industrie...

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  11. Why is mining called a primary industry?

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  12. Why is construction industry called a secondary industry ?

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  13. Why is insurance known as a tertiary industry?

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  14. facilitate buying and selling of goods and services.

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  15. Manufacturing industries are known as secondary industries because.

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  16. Banking is called a tertiary industry because.

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  17. . Is concerned with holding goods in stock for sale in future

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  18. involves movement of goods from one place to another.

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  19. Is dairying a genetic or an extractive industry ? Why?

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  20. Match the following : {:(("i")"The trade in which goods are bought...

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