...INSURANCE: AN INTRODUCTION Insurance may be described as a social device to reduce or eliminate risks of loss to life and properly. It is a provision which a prudent man makes against inevitable contingencies, loss or misfortune. Once Frank H. Knight said "Risk is uncertainty and uncertainty is one of the fundamental facts of life." Insurance is the modern method by which men make the uncertain certain and the unequal; equal. It is the means by which success is almost guaranteed. Through its operation- the strong contribute to the support of the weak and weak secure, not by favor sent by right duly purchased and paid for, the support of the strong (Calvin Coolidge.) Under the plan of insurance, a large number of people associate themselves by sharing risks attached to individuals. As in private life, in business also there are dangers and risks of different kinds. The aim of all types of insurance is to make provision against such dangers. The risks which can be insured against include fire, the perils of sea (marine insurance), death (life insurance) and, accidents and burglary. Any risk contingent upon these, may be insured against at a premium commensurate with the risk involved. Thus, collective bearing of risks is insurance. Definition Insurance in its basic form is defined as “ A contract between two parties whereby one party called insurer undertakes in exchange for a fixed sum called premiums, to pay the other party called insured a fixed amount of money...
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...... ~ HarvardBusinessSchool 9-395-019 Rev. January 24, 1997 Steamboat Ski & Resort Corporation As Charlie Mayfield, vice president of Marketing for Steamboat Ski & Resort Corporation (SSRC) in Steamboat Springs, Colorado, looked out of bis office and saw the lines at the ticket windows on a warm, sunny day in March 1993, he smiled to himself. SSRCwas having its best year ever and had maintained its position as one of the premier North American ski resorts. SSRCwas not, however, immune to the difficulties faced by the ski industry. First, Mayfield was concerned about the trend among customers of coming to Steamboat and other ski resorts and spending fewer of their vacation days skiing on the mountain, preferring instead to participate in other wintertime activities such as snowmobiling. Second, while skier days1 had continued to increase in Colorado over the last several years, the number of skier days in the entire United States had actually decreased. Furthermore, Steamboat's share of the Colorado skier market had steadily decreased since 1990. FinaIly, Mayfield was concerned about Steamboat's low percentage, relative to other resorts, of visitors who intended to make a repeat visit to the resort. In the 1991-92season, the percentage of Steamboat destination skiers intending to make a repeat visit to Steamboat declined to 55%; other resorts, such as the group of Disney Resorts, claimed as high as a 90% repeat visit rate. These trends, combined with Steamboat management's...
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...AIR 1995 SUPREME COURT 2372 "Gujarat Bottling Co. Ltd., M/s. v. Coca Cola Company" = 1995 AIR SCW 3521 (From : Bombay) Coram : 2 S. C. AGRAWAL AND S. SAGHIR AHMAD, JJ. Civil Appeals Nos. 6839-6840 of 1995, (arising out of S.L.P. (civil) Nos. 8800-01 of 1995), D/- 4 -8 -1995. M/s. Gujarat Bottling Co. Ltd., and other, Appellants v. Coca Cola Company and others, Respondents. Judgement: S. C. AGRAWAL. J. :- Special leave granted. 2. In the past nations often went to war for the protection and advancement of their economic interests. Things have changed now. Under the international order envisaged by the Charter of the United Nations war is no longer an instrument of State policy. Now-a-days there are wars between corporations, more particularly corporations having multi-national operations, for the protection and advancement of their economic interests. These wars are fought on the economic plane but some of the battles spill over to Courts of law. The present case is one such legal battle. The combatants are two American multi national corporations dominating the soft drinks market having operations in a number of countries. On the one side is Coca Cola Company (respondent No. 1), hereinafter referred to as "Coca Cola," and on the other side is PEPSICO INC.(for short "Pepsi"), and its subsidiaries and subsidiaries of the subsidiaries which are under, direct or indirect, control of Pepsi. There is a long history of trade rivalry...
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...National Knowledge Commission Working Group on Legal Education REPORT OF THE WORKING GROUP ON LEGAL EDUCATION Background 1. The National Knowledge Commission (“NKC”) was established by the Prime Minister of India in 2005 to recommend and undertake reforms in order to make India a knowledge-based economy and society. An important constituent of the NKC’s functions is professional education, particularly in the field of legal education. In light of its significance, the NKC constituted a Working Group on legal education in the country. The members nominated by the Chairperson of the NKC, Mr. Sam Pitroda, to the Working Group are Justice Jagannadha Rao (Chair), Justice Leila Seth, Dr. Madhav Menon, Dr. B.S. Chimni, Dr. Mohan Gopal, Mr. P.P. Rao and Mr. Nishith Desai. The Terms of Reference of the Working Group are as follows: a. Identify constraints, problems and challenges relating to curriculum, teaching, infrastructure, administration and access. b. Recommend changes and reforms to address the problems and challenges relating to curriculum, teaching, infrastructure, administration, and access. c. Explore methods of attracting and retaining talented faculty members. d. Suggest measures to develop a research tradition in faculties of law and law schools. e. Suggest innovative means of raising standards and promoting excellence in legal education situated in the wider social context. f. Suggest ways of incorporating emerging fields of legal education in teaching and curricula...
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...TEAM CODE ------------------------------------------------- IN THE HONOURABLE PUNJAB & HARYANA HIGH COURT Memorial Filed On Behalf Of the Appellant Criminal Appeal no. : /2015 IN THE MATTER OF STATE OF PUNJAB APPELLANT VERSUS DR. MUKESH & OTHERS RESPONDENT ------------------------------------------------- APPEAL FILED UNDER SECTION 378 OF THE CODE OF CRIMINAL PROCEDURE, 1973 ------------------------------------------------- Most Respectfully Submitted to the Hon’ble Judges of the Punjab & Haryana High Court ------------------------------------------------- COUNSELS APPEARING ON BEHALF OF ‘APPELLANT’ Table of Contents Abbreviations III Index of Authorities IV Statement of Jurisdiction VII Statement of Facts VIII Charges Framed XI Summary of Arguments XII Whether the accused is liable under section 302 of IPC to be read with Section 34 of IPC or not XII Whether the accused is liable under section 364 read with section 34 of IPC or not XII Whether the accused is liable under section 18 of Transplantation of Human Organs Act, 1944 or not? XII Arguments 1 1. Whether the accused is liable under section 302 of IPC to be read with Section 34 of IPC or not 1 2. Whether the Accused liable under section 302 of IPC or Not. 2 3. Whether the accused is liable under section 18 of Transplantation...
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...1. Introduction HSBC is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China. In the early years of the 20th century, HSBC widened its activities in the East and became increasingly involved in the issuing of loans to national governments, especially in China, to finance modernisation and internal infrastructure projects such as railway building. In the later years of the 20th century HSBC moved from an important regional bank to one of the world's leading financial services organisations. In the 21st century, HSBC has renewed its focus on its birthplace, growing its business in China both organically and through a series of strategic partnerships. Nowadays, HSBC's international network comprises more than 6,200 offices in 74 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa,. ranks first in the Forbes 400 Top UK based companies in spite of its root from Asian, with deversified products and services, including advisory, financing, trading, sales, transaction banking, research and analysis. Unilever is an Anglo–Dutch multinational consumer goods company co-headquartered in London, England and Rotterdam, The Netherlands. Its products include food, beverages, cleaning agents and personal care products. It is the world's third-largest consumer goods company measured by 2012 revenue, after Procter &...
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...200 IEEE TRANSACTIONS ON MAGNETICS, VOL. 38, NO. 1, JANUARY 2002 Generalized Formulation for the Description of Hysteresis in Soft Magnetic Materials Paiboon Nakmahachalasint, Student Member, IEEE and Khai D. T. Ngo, Member, IEEE Abstract—This paper presents a phenomenological formulation that broadens the range of applicability of the Basso–Bertotti hysteresis model to include soft magnetic materials with very gradual saturation, such as commercial manganese-zinc (MnZn) power ferrites. The formulation also enables the Basso–Bertotti model to better characterize both the major loop and the minor loops of these soft magnetic materials. The formulation introduces a model that defines the transition between low field/minor parameter loops and high field/major loop. An explicit expression for magnetization in term of domain-wall position was synthesized to make the hysteresis model numerically attractive. The formulation was verified by experimental data of commercial MnZn ferrites. Index Terms—Hysteresis modeling, power MnZn ferrites, Preisach model, soft magnetic materials. ployed in [6], but the material treated was the hard polycrystalline hexaferrite and the issue of minor versus major loops was not addressed. Following this section, the DWM model for static hysteresis is reviewed in Section II. A domain-wall surface function suitable for power ferrites is synthesized in Section III. Emphasis is placed more on the mathematics, numerics, and formulation/implementation...
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...Supreme Court of India D. A. V. College Bathinda, Etc vs State Of Punjab & Ors on 5 May, 1971 Equivalent citations: 1971 AIR 1731, 1971 SCR 677 Author: P J Reddy Bench: Sikri, S.M. (Cj), Mitter, G.K., Hegde, K.S., Grover, A.N., Reddy, P. Jaganmohan PETITIONER: D. A. V. COLLEGE BATHINDA, ETC. Vs. RESPONDENT: STATE OF PUNJAB & ORS. DATE OF JUDGMENT05/05/1971 BENCH: REDDY, P. JAGANMOHAN BENCH: REDDY, P. JAGANMOHAN SIKRI, S.M. (CJ) MITTER, G.K. HEGDE, K.S. GROVER, A.N. CITATION: 1971 AIR 1731 1971 SCR 677 ACT: Punjabi University Act, 1961 (35 of 1961), s. 4(3)- University making Punjabi the sole medium of Instruction and examination-Action ultra vires the power conferred by section-Also infringes rights of religious minority to conserve their script and administer their institutions. HEADNOTE: The petitioners are educational institutions founded by the D.A.V. College Trust and Society registered under the Societies Registration Act as an association comprised of Arya Samajis. These institutions were, before the reorganisation of the State of Punjab in 1966, affiliated to the Punjab University constituted under the Punjab University Act, 1947. The Punjabi University was constituted in 1961 by the Punjabi University Act (35 of 1961). After the reorganisation, the Punjab Government under s. 5 (1) of the Act specified the areas in which the Punjabi's University exercised its power and notified the date for the purpose of the section. The effect of the notification...
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...Internship Report on Nishat Mills www.vustudents.net Executive Summary Nishat has grown from a cotton export house into the premier business group of Pakistan with 5 listed companies, concentrating on 4 core businesses; Textiles, Cement, Banking and Power Generation. Today, Nishat is considered to be at par with multinationals operating locally in terms of its quality products and management skills. I recently have done my internship in Nishat Mills Limited, in which I got training from each of its department. The internship basically revolved around the product knowledge training. The system, the style of working & the commitment of the employees in NML is really exemplary. The difference between the success & failure is doing things right and doing things nearly right, & NML has always tried for success & that is why it is known to be one of the leading organizations in Pakistan. Irrespective of all these positive points of Nishat Mills Limited, I have noticed a few areas where the improvement can really increase the efficiency of NML. In this report I have given a very brief review of what I have seen during our internship I have mentioned all these as I have made an internship as according to the schedule. I also mentioned about the Textile industry in Pakistan and vision of its industry. Then I have done a detailed SWOT analysis as well as PEST Analysis. Then I have discussed about my learning in the whole internship that is all about the Textile...
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...The NMEA 0183 Protocol Table of Contents 1. 2. 3. 4. 5. 6. 7. 8. What is the NMEA 0183 Standard? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 1 Electrical Interface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 General Sentence Format . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Talker Identifiers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Sentence Identifiers and Sentence Formats . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Some Proprietary Sentences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Manufacturer Codes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 The material presented in this document has been compiled from various inofficial sources. It is neither a complete nor error-free description of the NMEA 0183 standard. In particular, it does not cover the new sentences and the high-speed interface defined in version...
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...will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Pruitt, N. L., & Underwood, L. S. (2006). Bioinquiry: Making connections in biology (3rd ed.). Hoboken, NJ: John Wiley & Sons, Inc. Associate Level Writing Style Handbook, available online at...
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...Running Head: Paws and Claws Pet Store Paws and Claws Pet Store: Business Plan Heidi Bell, Jennifer Lakowski, Aubrie Lasby, Miles Pipher and Justin Teplitz Keller Graduate School of Management Table of Contents Executive Summary Page 3 Introduction Page 4 Goals Page 4 Location Page 4 Culture Page 5 Values Page 5 Products and Services Page 5 Mission Statement Page 6 HR Objectives Page 6 Organizational Chart Page 7 and Appendix A Job Descriptions Page 7 and Appendix B Points Factors Page 7 and Appendix C Market Data Page 7 and Appendices D & E Pay Structure Page 10 Performance Evaluations Page 11 and Appendix F Merit Pay Grid Page 12 Employee Benefits Page 14 Yearly Budget Page 14 Conclusion Page 21 Appendix B - Job Descriptions Page 22 References Page 5 Executive Summary It is our idea to open a new pet store in the Phoenix, AZ area. Our research has shown that despite a bad economy, pet healthcare and supplies remain a top priority in people’s budgets. Our store, Paws and Claws Pet Supplies and Services, aims to capitalize on the affection that people have for their pets. We will provide a wide range of quality items and services for pets and their families. We first determined that our goals are profitability, efficiency and growth...
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...Chaptet t ft.lutian t)t Huranr F.rorr.e r\.hr.rqen)rnr .jird Hil/5 conlercnce sponsored by the Socrety [or Human Resources Management (SHRM) and remember how ar HRIS rnay be what you needl As this chapter and the ones that follow w ll ne lsactvtesandthedemands' ol the human capital ol the orgarrzal on Thrs aLrtomairon he ps develop the capabr t es to es an HR deparlmenl to streaml rlunrale. af HRlS enab placed on rt by automating lhe HR dala and pro.esses necessary for the management prodlce rn[ormation and reports on lhe r€quests contained n the memos in the v gn€tte and lhese reports wri lac lrtate efliclent afd eflective manageria dec s on mak ng WhiLe an HR 5 canfol make the ludgement ca ls in terms ol whom lo recru I or promote, it can cerlarnLy lacrl lale better inputt fg integratiof afd use ol employee data, wh ch wil reduce the admrn strat ve blrrden oI keeping detailed records and should aid and enhance dec srons about stclegic d rections Need for an HRIS in Decision Situations ll you read the above memos again. you w ll recogn ze iha! each one has a request lor HRI\4 nfornraton lhal wil be used n a decston stlaton The inlormatror rcquested n Memo I wil help the egal depa(menl delermne the compafys potertal labr ty vad n a workplace gender disc(m nat on s tLat on Thrs rlomat on rnay help to determrne whether the company shoLr d decide lo rect ly lhe silual on in lerms ol an nforma sett e' mertwth the lemale statf membels orto defend...
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