Examlex
When a company is at the internationalization stage of strategic expansion, and has a centralized structure, it will likely use a polycentric staffing approach to fill key managerial positions.
Broker
An individual or firm that acts as an intermediary between buyers and sellers, typically in financial transactions, real estate, or insurance.
Assumes a Risk
A legal doctrine where an individual knowingly exposes themselves to a hazard or danger and is considered to have consented to the risk involved.
Insurer
A company or entity that provides insurance policies to protect individuals or organizations against financial loss or damage.
Premium
A sum paid periodically to the insurer by the insured for covering their risk.
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