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Naveen Sharma 8 years, 2 months ago
An indemnity is an obligation by a person (indemnitor) to provide compensation for a particular loss suffered by another person (indemnitee).
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Asha Rajput 7 years, 11 months ago
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Naveen Sharma 8 years, 2 months ago
Yes, we agree with the statement that like an individual, business enterprise should also be a loyal citizen of the state, because the businessman is also a part of society. He makes use of resources of society. Assuming social responsibilities is helpful for the businessman himself because of following reasons :
- Social responsibility creates better environment for the business operation.
- By assuming social responsibility a business can improve its image.
- Social responsibilities are essential for avoiding governmental action against business.
- Assumption of social responsible by business provides justifications for its existence and growth.
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Sia ? 4 years, 6 months ago
| Acronym | Business Process Outsourcing | Knowledge Process Outsourcing |
| Meaning | BPO refers to the outsourcing of non-primary activities of the organization to an external organization to minimize cost and increase efficiency. | KPO is another kind of outsourcing whereby, functions related to knowledge and information are outsourced to third party service providers. |
| Based on | Rules | Judgement |
| Degree of complexity | Less complex | High complex |
| Requirement | Process Expertise | Knowledge Expertise |
| Relies on | Cost arbitrage | Knowledge arbitrage |
| Driving force | Volume driven | Insights driven |
| Collaboration and Coordination | Low | Comparatively high |
| Talent required in employees | Good communication skills. | Professionally qualified workers are required. |
| Focus on | Low level process | High level process |
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Naveen Sharma 8 years, 2 months ago
A corporate promoter (also "projector") is a person who solicits people to invest money into a corporation, usually when it is being formed. An investment banker, an underwriter, or a stock promoter may, wholly or in part, perform the role of a promoter.
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