It Could Be Argued That Information Technology Has Been the Most

question 34

True/False

It could be argued that information technology has been the most impactful trend in the advancement of SCM.

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Definitions:

Subrogation

The legal process by which one party steps into the shoes of another party, to pursue their rights against a third party, usually in insurance claims.

Indemnity

A contractual obligation of one party to compensate the loss incurred by another party due to the acts of the indemnitor or any other party.

Incontestability Clause

A clause in insurance policies that makes the policy non-contestable after it has been in force for a certain period, except under certain conditions.

Insurance Policy

A contract between an insurer and a policyholder that defines the claims which the insurer is legally required to pay.