"Cargo" and "Freight" Losses Are the Same Thing in Ocean

question 35

True/False

"Cargo" and "freight" losses are the same thing in ocean marine insurance.

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Definitions:

Informal Communication

The exchange of information, thoughts, and messages in an unofficial, casual manner outside formal communication channels.

Centralized

The concentration of decision-making authority at the top levels of the organizational hierarchy.

Decentralized

A type of organizational structure where decision-making authority is distributed throughout various levels rather than being concentrated at the top.

Flatter Organizational Structure

A type of organizational design with fewer levels of middle management to promote faster decision-making, increased flexibility, and more employee autonomy.