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What is the job of an underwriter?
An underwriter evaluates insurance applications. Learn the difference between Insurance Underwriters and Claims Adjusters for the exam - this is a known topic. (A claims adjuster determines the validity of an insurance claim).
Company X is a large manufacturer of cosmetics and household products. It operates in 57 different countries and has large and complex supply chains. The brand's popularity is partly due to the cheap price of the products compared with its competitors and Company X has recently discovered that child labour has been used within its supply chain. In response to this Company X has donated a large amount of money to charity. What is this an example of?
Which of the following will you put into box 5?
The correct answers are as follows:
Standardised payment terms would help with cashflow. For example every client must pay within 30 days.
Which of the following will you put into box 4?
Anything to do with currency is a financial risk.
