12. What is the term used for money given to make amends for an injury or a
loss?
O Donation
O Compensation
O Both (a) and (b)
O Remuneration
Answers
The correct answer is option (b) Compensation.
- Financial compensation means the act of providing a person with money or other items of economic value in exchange for his or her assets, work, or compensation for damages incurred.
- Types of financial compensation include:
- Injury, a legal term for financial compensation that can be reimbursed for a violation of another's obligation
- National compensation, compensation paid when goods are produced under state control
What is the term used for money given to make amends for an injury or a loss?
O Donation
O Compensation
O Both (a) and (b)
O Remuneration
The correct answer is :
Compensation
Explanation :
Compensation is the term, which is given by the government or the concerned institution in return for the loss caused to the person in the event of an accident or any calamity.
When a person is working in an institution and gets hurt while doing work, then compensation is given to him/her by the institute to compensate for his or her bodily harm. If there is any kind of physical harm to the person in any natural calamity or any such disaster in any country, the accountability of which is made by the government, then the government gives compensation in lieu of it.
#SPJ3