Question
An insurance policy designed to protect professionals
and business owners when they are found to be at fault for a specific event such as misjudgement is termed as?Solution
Indemnity is compensation for damages or loss, and in the legal sense, it may also refer to an exemption from liability for damages. The concept of indemnity is based on a contractual agreement made between two parties, in which one party agrees to pay for potential losses or damages caused by the other party. A typical example is an insurance contract, whereby one party (the insurer or the indemnitor) agrees to compensate the other (the insured or the indemnitee) for any damages or losses, in return for premiums paid by the insured to the insurer.
What is the term used to describe the process of scaling up a startup into a sustainable and profitable business?
Which of the following are good sources of new business ideas?
Which Indian government initiative focuses on promoting innovation and entrepreneurship among students in schools and colleges?
If an entrepreneur has an internal locus of control, this means that he/she:
Why is the notion of ‘vision’ important in entrepreneurship?
Which Indian government scheme focuses on providing financial assistance and business development services to women entrepreneurs?
Which of the following is not an aggressiveness strategy?
An entrepreneur considering if what they are doing makes sense is an example of:
Which one of the following is the main problem for the entrepreneur in the beginning stages of creating a new venture?
What is the term used to describe the process of acquiring or merging with another company to achieve growth or strategic objectives?
