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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1051. |
Globalization t |
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| 1052. |
Name some ancient port of India? |
| Answer» South Mumbai\xa0is home a major port and is the biggest port in India.\xa0India\xa0has 13 major\xa0ports\xa0viz. Kolkata\xa0Port, Paradip\xa0Port, New Mangalore\xa0Port, Cochin\xa0Port, Jawaharlal Nehru\xa0Port, Mumbai\xa0Port, Kandla\xa0Port, Vishakhapatnam\xa0Port, Chennai\xa0Port, Tuticorin\xa0port, Ennore\xa0Port, Mormugao\xa0Port\xa0and\xa0Port\xa0Blair\xa0Port.\xa0Based on the number of shipping services calling each\xa0port, Mumbai (Nhava Sheva) is by far\xa0India\'s busiest port, having 30 inter-regional shipping services calling its\xa0port, according to information from BlueWater Reporting. | |
| 1053. |
Describe Incorporation. Full topic of Forms of business organization |
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Answer» FORMATION OF A COMPANYFormation of a company means bringing a company into existence and starting its business. The steps involved in the formation of a company are:(i) Promotion(ii) Incorporation(iii)Capital subscription(iv) Commencement of business.A private company has to undergo only first two steps but a public company has to undergo all the four stages. 1. Promotion:Promotion means conceiving a business opportunity and taking an initiative to form a company.Step in Promotion:1. Identification of Business Opportunity : The first and foremost function of a promoter is to identify a business idea e.g. production of new product or service.2. Feasibility Studies:\xa0After identifying a business opportunity the promoters undertake detailed studies of technical, Financial, Economic feasibility of a business.3. Name Approval:\xa0After selecting the name of company the promotors submit an application to the Registrar of companies for its approval.4. Fixing up signatories to the Memorandum of Association:\xa0Promotors have to decide about the director who will be signing the memorandum of Association.5. Appointment of professional:\xa0Promoters appoint merchant bankers, auditors etc.6. Preparation of necessary documents:\xa0The promoters prepare certain legal documents such as memorandum of Association, Articles of Association which have to be submitted to the Registrar of the companies. 2. IncorporationIncorporation means registration of the company as body corporate under the companies Act 1956 and receiving certificate of Incorporation.Steps for Incorporation1. Application for incorporation:\xa0Promoters make an application for the incorporation of the company to the Registrar of companies.2. Filing of necessary documents:\xa0Promoters files the following documents:(i) Memorandum of Association.(ii) Articles of Association.(iii) Statement of Authorized Capital(iv) Consent of proposed director.(v) Agreement with proposed managing director.(vi) Statutory declaration.3. Payment of fees:\xa0Along with filing of above documents, registration fee has to be deposited which depends on amount of the authorized capital.4. Registration:\xa0The Registrar verifies all the document submitted. If he is satisfied then he enters the name of the company in his Register.5. Certificate of Incorporation:\xa0After entering the name of the company in the register. The Registrar issues a Certificate of Incorporation. This is called the birth certificate of the company. III. Capital Subscription:A public company can raise funds from the public by issuing shares and Debentures. For this it has to issue prospectus and undergo various other formalities:Step required for raising funds from public:1. SEBI Approval:\xa0SEBI regulates the capital market of India. A public company is required to take approval from SEBI.2. Filing of Prospectus:\xa0Prospectus means any documents which invites offers from the public to purchase share and Debenture of the company.3. Appointment of bankers, brokers, underwriters:\xa0Banker of the company receive the application money. Brokers encourage the public to apply for the shares, underwriters are the person who undertake to buy the shares if these are not subscribed by the public. They receive a commission for underwriting.4. Minimum subscription:\xa0According to the SEBI guide lines minimum subscription is 90% of the issue amount. If minimum subscription is not received then the allotment cannot be made and the application money must be returned to the applicants within 30 days.5. Application to Stock Exchange:\xa0It is necessary for a public company to list their shares in the stock exchange therefore the promoters apply in stock exchange to list company shares.6. Allotment of Shares:\xa0Allotment of shares means acceptance of share applied. Allotment letters are issued to the shareholders. The name and address of the shareholders submitted to the Registrar. IV. COMMENCEMENT OF BUSINESS:To commence business a public company has to obtain a certificate of commencement of Business. For this the following documents have to be filled with the registrar of companies.1. A declaration that 90% of the issued amount has been subscribed.2. A declaration that all directors have paid in cash in respect of allotment of shares made to them.3. A statutory declaration that the above requirements have been completed and must be signed by the director of company.Important documents used in the formation of company:1. Memorandum of Association\xa0– It is the principal document of a company. No company can be registered without a memorandum of association and that is why it is sometimes called a life giving document.Contents of Memorandum of Association:1. Name clauses\xa0– This clause contains the name of the company. The proposed name should not be identicator similar to the name of another exiting company.2. Situation clauses\xa0– This clause contains the name of the state in which the registered office of the company is to be situated.3. Object clause\xa0– This clause defines the objective with which the company is formed. A company is not legally entitled to do any business other than that specified in the object clause.4. Liability Clauses\xa0– This clause limits the liability of the members to the amount unpaid on the shares held by them.5. Capital clause\xa0– This clause specifies the maximum capital which the company will be authorized to raise tough the issue of shares called authorized capital. Incorporation or Registration Please answer me please please please ?? |
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| 1054. |
Distinguish between MOA & AOA.(5 points)? |
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Answer» HI, THE TIME IS Thanks Yogita...Thanks Ritik... The memorandum of association and articles of association are the two charter documents, for setting up of the company and its operations thereon. ‘Memorandum of Association‘ abbreviated as MOA, is the root document of the company, which contains all the basic details about the company. On the other hand, ‘Articles of Association‘ shortly known as AOA, is a document containing all the rules and regulations designed by the company. |
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| 1055. |
How much time to need to study ?in class 11th .any one can tell me????????? |
| Answer» | |
| 1056. |
Difference between them on the basis of transfer of interest reward and code of conduct |
| Answer» (i) Amer is a professional. Akbar is engaged in business. Anthony is an employee.(ii)\t\xa0\xa0Transfer of interest\xa0Reward\xa0Code of ConductAmer\xa0\xa0Not possibleFee\xa0\xa0Professional\xa0Akbar\xa0Possible, with formalities\xa0Profit\xa0None\xa0Anthony\xa0Not possible\xa0Salary\xa0Laid down by employer\t | |
| 1057. |
what questions can be asked in entrance exam for commerce class 11th |
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Answer» AMU ke liye puch rhe ho??? In what type of school I don\'t know.But I also want to know so please if anybody knows about that then tell. |
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| 1058. |
What is seperate legal entity |
| Answer» A type of\xa0business\xa0organization\xa0in which two or more individuals\xa0pool\xa0money, skills, and other resources, and\xa0share\xa0profit\xa0and loss in accordance with terms of the\xa0partnership agreement. In absence of such\xa0agreement, a partnership is assumed to\xa0exit\xa0where the participants in an\xa0enterprise\xa0agree to share the\xa0associated\xa0risks and rewards proportionately . | |
| 1059. |
The karta is joint hindu family business has joint liability true or false |
| Answer» False | |
| 1060. |
Risk is an inherent element of a business ? Do uh agree? Explain |
| Answer» Yes Definitely Every Business Has to Face Some Risk. No Business Can Avoid Risk.The Business Wont\'t Grow If There Is No Risk And Profit.Thus Not only Risk But Profit Is Also A Inherent Element Of BusinessMore The Risk The Less Problems You Will Face | |
| 1061. |
I can\'t understand case studies of business any one can help PLEASE |
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Answer» Case studies questions are related to real life if you want to learn it easily,then think practical ...and this is how u can easily understood case studies questions are related to real life and for that you need to understand the particular topic and should be able to make a definition of it in your own words |
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| 1062. |
Explain how partners are laible for debts |
| Answer» Partners\xa0are personally\xa0liable\xa0for the business obligations of the\xa0partnership. This means that if the\xa0partnership\xa0can\'t afford to pay creditors or the business fails, the\xa0partners\xa0are individually responsible to pay for the\xa0debts\xa0and creditors can go after personal assets such as bank accounts, cars, and even homes.\xa0In a\xa0general partnership, each\xa0partner\xa0has unlimited personal\xa0liability.\xa0Partnership\xa0rules usually dictate that whatever debts are incurred by the business, it is the legal responsibility of all\xa0partners\xa0to pay them off. ... All\xa0partners\xa0are responsible for paying the debts. | |
| 1063. |
Why cocchi famous in ancient India? |
| Answer» Kochi, also known as Cochin, is a major port city on the south-west coast of India bordering the Laccadive Sea a part of the Arabian Sea. It is part of the district of Ernakulam in the state of Kerala and is often referred to as Ernakulam. Kochi is the most densely populated city in Kerala. As of 2011, it has a corporation limit population of 677,381 within an area of 94.88 km² and a total urban population of more than of 2.1 million within an area of 440 km², making it the largest and the most populous metropolitan area in Kerala. Kochi city is also part of the Greater Cochin region and is classified as a Tier-II city by the Government of India. The civic body that governs the city is the Kochi Municipal Corporation, which was constituted in the year 1967, and the statutory bodies that oversee its development are the Greater Cochin Development Authority (GCDA) and the Goshree Islands Development Authority (GIDA). | |
| 1064. |
Often it is observed that some of the political parties of a country |
| Answer» Your question are not understandings to me | |
| 1065. |
Mention any two features of business risk |
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Answer» 1.enjoyment of profit.2. chance of expand of our business. Features of Business Risk(i) Business Risks Arise Due to Uncertainties Future is uncertain and one cannot predict exactly what is going to happen. Therefore, uncertainties and contingencies like natural calamities, changes in government policies, changes in demand and prices, etc create risk for business.(ii) Degree of Risk Depends Mainly upon the Nature and Size of Business The amount of risk in the business is determined by the nature of goods and services by it and the size of business i.e., whether business is being operated on large scale or small scale.(iii) Profit is the Reward for Risk Taking Profit and risk are directly related to each other. A businessman undertakes risk because he expects to make high profit. In line with the famous saying ‘ more risk, more profit’, if the risk is high the1 chance of large profits is also high, whereas if the risk is low, profit may also be low. |
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| 1066. |
Discuss various kinds of partnership |
| Answer» Partnership can be classified on the basis of:1.Duration2.LiabilityClassification on the basis of duration:(i)Partnership at will : The existence of this partnership depends on the will of the partners. The business of the firm continues as long as the partners desire and is terminated when any partner gives a notice for dissolution of the firm.(ii)Particular partnership : It is the partnership which is formed for completing only a particular project or any activity to be carried on for a specified period of time only. This partnership is automatically dissolved on completion of the project or activity.Classification on the basis of liability:(i)General partnership: The partnership in which the liability of the partners in unlimited is called general partnership. In this type of partnership, partners have the right to take part in the management of the firm. Each partner as well as the firm is bound by the acts of all the partners. It is optional for the firm to get itself registered. Death, insolvency, retirement or lunacy of any partner adversely affects the existence of the firm.(ii)Limited partnership : Limited partnership is the partnership in which the liability of at least one member is unlimited while others have limited liability. The members with limited liability neither have the rights to participate in the management of the business nor are their acts binding on other partners or the firm. It is compulsory to register such partnership. | |
| 1067. |
Why were patliputra famous in ancient India? |
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Answer» The administration of Patliputra, the capital of the Mauryan Empire, was carried out through a 30-member committee. This committee was divided into six boards, which catered to specific departments ofa. comfort and safety of foreignersb. registration of births and deathsc. industryd. trade and commercee. inspection of goodsf. collection of taxes It is a commercial town and center for export of stones |
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| 1068. |
which form of business is suitable for a barber shop in a local community |
| Answer» Sole proprietorship firm | |
| 1069. |
What was maritime trade in India? |
| Answer» Maritime trade refers to trading or shipment of goods via sea or other waterways. In early times, Malabar Coast, Coromandel Coast, etc. were important ports which facilitated maritime trade in India. | |
| 1070. |
What was maritime trade in india |
| Answer» Matadmx | |
| 1071. |
What is profession |
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Answer» In simple words, Profession is a paid occupation, especially one that involves lengthy training and a formal qualification. 1 st (1) Profession is an economic activity that requires special knowledge and skill to be applied byindividuals for earning their living.(2) Individuals engaged in professions are known asprofessionals.(3) These professionals have to follow the guidelines or codes of conduct laid down by professional bodies.(4) For example, doctors are professionals engaged in the medical profession and have to follow the codes of conduct laid down by the Medical Council of India. Pta nhi??? |
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| 1072. |
How can i study properly... plz tell ? |
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Answer» Thanks You have to strong your concept of all chapters by YouTube and notes .you should make your notes own that \'s you will easily understand every concepts about all chapters |
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| 1073. |
Q1.explain the role of profit in the business.Please anyone tell me..... |
| Answer» For growth and expansion of businessFor long term survival of businessFor covering cost and risks of businessFor building prestige and recognition of businessFor increase in efficiency of workers | |
| 1074. |
State different types of economics activities |
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Answer» Buisness profession and employement Business profession and employment Business profession and employment |
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| 1075. |
Who can become a partner? |
| Answer» A partnership is a kind of business where a formal agreement between two or more people is made and agreed to be the co-owners, distribute responsibilities for running an organization and share the income or losses that the business generates.In India, all the aspects and functions of the partnership are administered under ‘The Indian Partnership Act 1932’. This specific law explains that partnership is an association between two or more individuals or parties who have accepted to share the profits generated from the business under the supervision of all the members or behalf of other members. | |
| 1076. |
which of the following is not a function of insurance |
| Answer» Cvnmlokbgun | |
| 1077. |
Explain general partnership and limited partnership? |
| Answer» (i)General partnership: The partnership in which the liability of the partners in unlimited is called general partnership. In this type of partnership, partners have the right to take part in the management of the firm. Each partner as well as the firm is bound by the acts of all the partners. It is optional for the firm to get itself registered. Death, insolvency, retirement or lunacy of any partner adversely affects the existence of the firm.(ii)Limited partnership : Limited partnership is the partnership in which the liability of at least one member is unlimited while others have limited liability. The members with limited liability neither have the rights to participate in the management of the business nor are their acts binding on other partners or the firm. It is compulsory to register such partnership. | |
| 1078. |
Write short notes on on the recurring deposit account |
| Answer» Recurring Deposit Account:\xa0The aim of recurring deposit is to encourage regular savings by the people. A depositor can deposit a fixed amount, say Rs. 100 every month for a fixed period. The amount together with interest is repaid on maturity. The interest rate on this account is higher than that on saving deposits. | |
| 1079. |
What is accounting explain any four function of accounting |
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Answer» The functions of accounting facilitate the objectives of accounting. there are many objectives of accounting. For instance,\tAccounting facilitates the systematic management of the records of the transaction and other financial data.\tIt gives an idea about the chances of profitability or failure or losses.\t\xa0The process assists the management by helping them to make the best decisions. besides that, accounting ascertains the financial position of an organization.\t\xa0It also helps in the evaluation of the employee and their working efficiency, in addition, communicating and spreading the accounting information to the user.\tAccounting contributes the biggest to any organization by preventing fraud and prevents profit risks. Accounting is a record of all our business transaction It is use as a 1.legal documents 2.it help us to get loan3.it tell us our business is getting profit or loss |
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| 1080. |
What do you meant by business |
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Answer» Business is an economic activity which is concerned with production of goods ,sales and service required for a person 1.Business is derived from the word busy that means to be engaged in some thing.2. Business is an economic activity. 3. A kind of occupation in which the people deal with production of goods and services with the motive of earning maximum profit. Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that function to gain profits or achieve a social cause respectively. |
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| 1081. |
What is the meaning of |
| Answer» What??? | |
| 1082. |
Function of business explain in brief |
| Answer» Main function of business is to provide goods and services to people at a reasonable price. | |
| 1083. |
Explain the Function of the commerce |
| Answer» Commerce is concerned with buying, selling and distribution of commodities. It is an organised system for the exchange of goods and services. It involves not only the functions of buying and selling but several other activities required to facilitate buying and selling.The purpose of commerce is to provide the right goods to the right persons at file right time and at the right place. Therefore, we can say business depends on commerce. | |
| 1084. |
Business activities are of how many types? |
| Answer» 2 Types1.Economic Activity2.Non-Economic Activity | |
| 1085. |
Explain the example and characteristics to staffing |
| Answer» | |
| 1086. |
Why is Business considered as an economic activity?? (5 Marks) |
| Answer» An\xa0economic activity\xa0is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.\xa0Business\xa0is\xa0considered\xa0to be an\xa0economic activity\xa0because it is undertaken with the aim of earning money or livelihood and not because of any sentimental reason like love, affection or sympathy.\xa0Business\xa0is considered an\xa0economic activity\xa0because it is concerned with production, purchase, sale or distribution of goods and Services with an aim of earning profit. | |
| 1087. |
What is the means nd important of memorandum |
| Answer» A\xa0memorandum\xa0is a written statement or record, especially one circulated for the attention of colleagues at work. It relates to a note of something to be remembered. The word\xa0memorandum\xa0came from the Latin word \'memorare\' which\xa0means\xa0to remember. In law, a\xa0memorandum means\xa0a document recording terms of contract.\xa0Memos have a twofold purpose: they bring attention to problems and they solve problems. They accomplish their goals by informing the reader about new information like policy changes, price increases, or by persuading the reader to take an action, such as attend a meeting, or change a current production procedure. | |
| 1088. |
Objectives of buisness |
| Answer» 1 profit earning,2production and procurement of goods and services on regular basis 3 generation of employment 4Welfare of the society are some of the basic objectives of business | |
| 1089. |
Features of profession and employment |
| Answer» Profession : Includes those activities which require special knowledge and skill to be applied by individuals in their occupation. Those engaged in Professions are knows as professional and earn their income in the form of professional fee.Employment: It refers to the occupation in which people work for others and get remunerated in return. Those who are employed by others are known as employees and get their income in the form of wages or salaries as per their service agreement. | |
| 1090. |
What is the procedure of registration of cooperative societies? |
| Answer» A\xa0co-operative society\xa0can be\xa0formed\xa0by alteast 10 adult members. The members willing to\xa0form\xa0a\xa0society\xa0must have common bond among them. ... The basic idea is that all the persons intending to\xa0form\xa0a\xa0society\xa0should have some common objectives to achieve.\xa0Documents for\xa0Registration\tA certified copy of the Resolution passed at the first meeting of the group with the Province\xa0Cooperative\xa0Officer (PCO).\tFeasibility study report on how the\xa0Society\xa0operates.\tFour copies of proposed by-laws of the\xa0Society.\tLetter of intent (to join the\xa0society) from prospective members.Such of those persons, who wish to form a\xa0Co-operative Society, should send an application to the Assistant\xa0Registrar\xa0of the area on a prescribed proforma i.e Form I alongwith the proposed byelaws, indicating the type of the\xa0society\xa0they want to form, number of persons likely to be enrolled as its members, and the name\xa0and address of the persons authorized to function as chief promoters and to attend to organisational matters. This application should be signed by bnot less than 10 persons or by such number of persons as per instructions issued by the Registrar, Co-operative Societies from time to time. | |
| 1091. |
No business is risk free in the light statement, explain the concept of business risk |
| Answer» Business risk is the possibility of inadequate profits or even losses due to uncertainties or exposure to loss. There are 4 causes of business risk Economic, Political, Human and Other Causes. | |
| 1092. |
How does life insurance provide both protection and investment benifit ? |
| Answer» \xa0The life insurance\xa0provides dual\xa0benefits, it provides security to the beneficiary of the insured and also acts as an instrument of long term savings. Such policies are known as money back or endowment policies.In return of regular payment of premium amount, the insurance company, protects the insured, for a specified period of time. That is, incase of death of insured, the insurance company will pay a lump sum amount (already agreed at the time of contract) to the nominee/ beneficiary of the insured. | |
| 1093. |
What is buisness entity concept |
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Answer» Vijay consultant on rupees 400008 of which he received 350000. Hi include expense of rupees 170000 out of which 40000 are outstanding find out the income on cash basis and accrual basis Business Entity Concept: The concept of business entity says that a business is a separate entity from its owners. Therefore, for the\xa0objective of accounting, the firm and its owners are considered as 2 distinct persons. Hence, when an owner brings in capital into the firm, it is considered as a liability of the business. |
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| 1094. |
Human activities are of how many types |
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Answer» Human activities are of two types-- economic and non-existant economic activities. Economic :- it\'s motive is only to earn money ex:- workers work in company. Non-economics :- it\'s motive is not to earn money. It\'s main aim is to provide social services like love, patriotism etc. Ex: mother is teaching her daughter Human activities\xa0can be classified as\xa0Economic\xa0and Non-Economic Activities.\tAn\xa0economic\xa0activity involves the production, distribution and consumption of all goods and services.\tA non\xa0economic\xa0activity in done with no intention of earning a profit or any money. |
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| 1095. |
Chapter 3 full flow chart |
| Answer» https://s.docworkspace.com/d/ALiZHKjDyKVRsb-pjN2dFA | |
| 1096. |
Explain this point restrics the right of members to transfer their share |
| Answer» Restriction of members to transfer their share is a privileges of a Private Company. This privilege was brought up under Companies Act 1932 so that the shares can be transferred to the heir or representative of the members even after the death of the member. | |
| 1097. |
Plz send me 2 or 3 questions of case study from ch 1 and ch 2 |
| Answer» | |
| 1098. |
Name a locally operated business unit |
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Answer» Personal liability Personal liability Personal liability |
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| 1099. |
What is the difference between synthetical and assembling industry? |
| Answer» \xa0Synthetic industry : In this industry, two or more materials are mixed together to create a new product. For example, producing soap, biscuits, etc.\xa0Assembling industry : In this industry, the finished product is produced by assembling the various parts or components. For example, radio, car, T. V., etc. | |
| 1100. |
Demerits of partnership |
| Answer» Demerits of partnership firma. No Business secrets:\xa0The partner can keep the secrets to himself but these secrets can be known to competitors or others when there is conflict among the partnersb. Uncertain existence:\xa0Death of any partner can sometime cause death of entire firm. Dishonesty, conflict and lack of resource also can collapse the firmc. No Personal contact:\xa0A partner can’t be in a position to maintain intimate contacts with his customers and employees. He cannot be able enter to the requirements of each and every customer. Then there is no close personal touch which decreases the competitive strength of the business.e. Unlimited liability:\xa0Proprietor is liable for all the debts of the business. In case the assets are insufficient to meet the debts, the personal property of the proprietor can be attached. | |