Business Services Test - 6

Telegram is the most historical way of sending information. Telegram was charged on the basis of the number of words used. A telegraph message sent by an electrical telegraph operator or telegrapher using Morse code (or a printing telegraph operator using plain text) was known as a telegram. Telegram is regarded as a cloud-based instant messaging service.

ROI stands for Return On Investment

"A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio."

ROI stands for return on investment, which is a comparison of the profits generated to the money invested in a business or financial product. A negative ROI means the investment lost money, so you have less than you would have if you had simply done nothing with your assets.

Return on investment, or ROI, is the ratio of a profit or loss made in a fiscal year expressed in terms of an investment and shown as a percentage of increase or decrease in the value of the investment during the year in question. The basic formula for ROI is: ROI = Net Profit / Total Investment * 100.

ROI stands for Return On Investment. You can think of ROI as the actual 'worth' of your investment. Another way of seeing it, is that ROI is the money you get back from your invested money.

Overdraft facility is usually given to the current account holders to resolve short-term financial crisis. It is a facility attached to an existing account. Amount over and above the credit balance can be withdrawn with a limit as agreed for.

Telegram was charged on the basis of the number of words used. A telegraph message sent by an electrical telegraph operator or telegrapher using Morse code (or a printing telegraph operator using plain text) was known as a telegram. Telegram is regarded as a cloud-based instant messaging service.

To reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called reinsurance. Reinsurance cede refers to the segment of risk that a most important insurer pass to a reinsurer. It allows the most important insurer to reduce its hazard contact to an insurance policy it has underwritten by transitory that risk to another company. Most important insurers are also referred to as the ceding company while the reinsurance company is also called the accepting company. 

Insurance and garage rent are fixed charges. A fixed charge is any type of expense that recurs on a standard basis, apart from the volume of business. To ascertain the cost per unit, these charges are aggregated and separated by the number of service units during the specified period. After determining the cost one can fix the profit margin and also fix the selling Charges/Fixed charges. Driver’s wages. Repairs. Garage Rent. Insurance.

A life assurance policy in which if all the premium payments are complete and the insured is free of all reimbursement obligations, the policy stays integral until the insured's death or stop of the strategy is called a paid-up policy. 

'Paid-up value' is payable on a life insurance policy on the maturity of the policy. If the policyholder continues to hold the policy, he will get the paid-up value at the end of the term. The policyholder also has the option of concession the policy before that. If you do not want to maintain the policy, it is forever better to submit the policy.

CBS system allows an account holder to operate their accounts from any branch. CBS stands for Core Banking Solution. CBS can be defined as a technology platform which helps the customers to access their account from multiple delivery points, which includes different branches of the same bank, ATMs, internet and mobile banking, etc.