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(b) Unlimited liability

Correct option is A) cut off

Correct option is D) call off

Correct option is B) put off

(B) Put off 

l thing it is right answer

Correct option is C) even though

Sole proprietorship.

(c) Sole proprietorship

Correct option is C) given up

Correct option is A) whether

Correct option is D) not be

i. Joint-stock company

ii. Chief Financial Officer

iii. The Board of Directors

iv. Company Secretary

v. Member of ICSI

b. Automatic Vending Machine

Transport removes hindrance of place.

Trade removes hindrance of person.

Role of small business in Rural India: 

1. Cottage and rural industries provide employment opportunities in the rural areas especially for the traditional artisans and the weaker sections of society. 

2. It prevents migration of rural population to urban areas in search of employment. 

3. Small business helps to eradicate poverty, income inequalities, etc in rural area. 

4. Small scale industries are powerful instrument for the accelerated industrial growth and creating productive employment in rural and backward areas.

Small scale industry: 

A small scale industrial undertaking is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore.

Role of small business in India: 

1. Small industries are labour intensive and less capital intensive. They generate more number of employment opportunities. 

2. The share of product from small industries is 45% of total export from India. So it earn valuable foreign exchange. 

3. Small scale Industries produces a wide variety of goods. e.g. readymade garments, stationery, soaps, leather goods, plastic and rubber goods. 

4. The contribution of small industries to the balanced regional development of the country is very significant. 

5. Small industries provide ample opportunity for entrepreneurship. 

6. It enjoys the advantage of low cost of production because they used local resources in their product. 

7. Due to the small size of the organisation, quick and timely decisions can be taken without consulting many people. 

8. Small industries are best suited for the products which are designed according to the taste, needs and preferences of the customers. 

9. Small industries maintain good personal relations with both customers and employees.

Cottage industries: 

cottage industries are characterised by certain features: 

1. These are organised by individuals, with private resources. 

2. Normally use family labour and locally available talent. 

3. The equipment used is simple. 

4. Capital investment is small. 

5. Produce simple products, normally in their own premises. 

6. Production of goods using indigenous technology.

1. These are organised by individuals with private resources. 

2. Normally use family labour.

1. Earning of foreign exchange. 

2. lncreased standard of living.

1. Memorandum of Association. 

2. Articles of Association. 

Lessor and Lessee.

A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date.

Assumptions of Maslow’s Theory:

1. People’s behavior is based on their needs. Satisfaction of such needs influences their behavior. 

2. People’s needs are in hierarchical order, starting from basic needs to other higher level needs. 

3. People are motivated by unfulfilled needs and once a particular need is satisfied, it ceases to be a motivating factor.

Correct answer is b. Forward 

Meaning of Social Responsibility: Social responsibility is the obligation of business to act in a manner which will serve in the best interests of the society. Social responsibility of business to its obligation to take those decisions and perform those actions which are desirable in terms of the objectives and values of our society.

1. Long-term Interest of the Firm: It is in the long-term self-interest of the business to fulfill its social responsibility towards various groups of society, like workers, consumers, shareholders, government officials, etc. A better social set improves its public images and prospects of growth in the long run. The society may also reject an enterprise if it does not care for the social welfare. 

2. Maintenance of Society: If a business does not meet its social responsibilities, then people related to the business may resort to anti-social activities, if they feel that they are not getting their does from the business. This may be harmful for the business. So, business enterprises must fulfill social responsibilities. 

3. Converting Problems into Opportunities: It is a common saying that risk is the reward of profit bearing’. Business is capable of converting risky situations into profitable deals. It not only helps in solving social problems but can also be used effectively as an opportunity for growth.

Responsibility Towards the Shareholders:

1. To provide fair return on their return on their capital investment. 

2. To ensure safety of such investment. 

3. To provide regular, accurate and complete information about the working of the company.

A sales strategy consists of a plan that positions a company’s brand or product to gain a competitive advantage. 

Businesses employ one of two basic types of sales strategies to their overall plan: 

direct or indirect.

With the direct sales strategy, sales people attack the competition head on when talking to the customer. They talk about each feature of the competition’s product and compare it to theirs. The term "negative selling" refers to the direct sales approach.

Indirect sales approaches apply more subtle techniques by demonstrating features and benefits not available with the competition’s products or services without ever mentioning them by name. This more sophisticated, positive sales strategy requires research and analysis of the competition.

A substantial number of entrepreneurs prefer to form a private company because of the following important privileges: 

(1) Only two members are required to form a private company. 

(2) Only two directors are required to constitute the quorum to validate the proceedings of the meetings. 

(3) Such a company is not required to file a prospectus or a statement in lieu of prospectus with the Registrar of Companies. 

(4) It can commence its business immediately after incorporation. 

(5) Holding of a statutory meeting or filing of a statutory report is required by a private company. 

(6) A non-member cannot inspect the copies of the profit and loss A/c filed with the Registrar. 

(7) Limit on payment of maximum managerial remuneration does not apply to a private company. 8) Restrictions on appointment and reappointment of managing director do not apply. 

(9) Maintaining an index of members is not required by a private company. 

(10) Directors of the private company need not have qualification shares.

1. Formation: These enterprises are established as departments of the ministry and are considered part or an extension of the ministry itself. 

2. Control: The administration of these undertakings is directly under the control of concerned ministry or minister. 

3. Capital: The required capital is provided by the government in the annual budget. 

4. Income: The income of these departments should be deposited daily into government treasury. 

5. Management: The employees of the enterprise are government servants and they are headed by Indian Administrative Service (IAS) officers and civil servants who are transferable from one ministry to another.

One definition of an account is a record in the general ledger that is used to collect and store debit and credit amounts. For example, a company will have a Cash account in which every transaction involving cash is recorded. If the company sells merchandise for cash, the Cash account will be debited and the Sales account will be credited.  

Another definition of an account is a record of a customer relationship. For example, if a company sells merchandise to a customer on credit, there seller will have an account receivable and the purchaser will have an account payable.  

The term on account means not for cash. For example, if a company purchases merchandise with the terms net 30 days, it means the company has 30 days in which to pay.

A good filing system should have the following characteristics: 

1. Compactness – Filing system should be compact which means that it should not take unnecessary space. 

2. Economical – Filing system should be economical in terms of time, space, money and operation which means that the cost of installation of filing equipment should be as low as possible. 

3. Flexibility – Filing system should be flexible so that it can be expanded or contracted in case of need. 

4. Easy Location – The record should be placed at that place where it should be easily located when required for reference without any delay. 

5. Safety – It should be such that proper safety of records is ensured from dust, water, fire, thefts, insects etc.

Correct answer is (B) 120 paces per minute

MEHAR CHAND AND COMPANY PREET VIHAR, NEW DELHI

NOTICE OF THE ANNUAL GENERAL MEETING

Notice is hereby given that the Annual General Meeting of the Company will be held at the registered Office on Monday, the 10^th April, 2020 at 9 am to consider the agenda items given below. All the members are requested to attend the meeting at the scheduled date and time.

Agenda:

1. To consider the minutes of the last Annual General Meeting. 

2. To consider and approve reports. 

3. To consider and approve Financial Statements for the year ending 31^st December, 2019 

4. To allocate surplus funds 

5. To elect Officers 

6. To transact any other General Business of the Company with the consent of Chairman.

Please note that audited financial statements can be viewed prior to the Annual General Meeting at the official website.

By order 

Secretary

1.In savings account, interest is given on the deposited amount but in current account, no interest is paid by the bank. 

2. Savings account can be opened by one or more individuals, but current account can be opened only by a company or organization

If the executive has to proceed on an international tour, the executive will require a variety of travel documents apart from an itinerary, meeting notes etc. 

The important documents required are:

a) Passport: A travel document issued by a country’s government which certifies the identity and nationality of a person. 

b) Visa : A document which is issued by a country to a person to formally ask the travelling country for permission with a specific reason for a stipulated amount of time. 

c) Health Documents: Documents certifying that the visitor has been properly vaccinated prior his visit as a precautionary measury, made mandatory by some countries.

d) Travel Insurance Policy: It covers several risks associated with unfortunate events such as baggage loss, passport loss, a medical emergency or an accident. 

e) Foreign Exchange: It is exchange of one currency for another.

(a) One Time Password 

(b) Personal Identification Number or Postal Index Number

Travel agents offer advice on planning itineraries, transportation, hotel accommodations, car rentals, tours etc. for their clients. Travel agents are also expected to be able to advise travellers about their destinations, such as the weather conditions, local ordinances and customs, attractions, and exhibitions. For those travelling internationally, the agents also provide information on customs duty regulations, required documents (passports, visas, and certificates of vaccination), travel advisories, and currency exchange rates. In the event of changes in itinerary in the middle of a trip, travel agents intervene on the travellers behalf to make alternate booking arrangements etc.

When by drawing two diagonal lines from the left top side of the cheque, and is written “account pay only”, then it is called a cross cheque.

Banquet briefing is an essential feature where all staff members are informed about the types of function, seating plan, menu, layout of hall, service timing etc. The assignment of individual duties is also done so that, responsibilties of all staff are clearly demarcated

.Banquet briefing is an important aspect in deciding the suceess of a banquet function. The details of the function is discussed in detail in briefing to eliminate possible misunderstanding and queries of the banquet staff.

Advantages: 

• It helps in proper planning of the banquet events. 
• It ensures sharing of all information related to the function. 
• Allocation of specific duties for banquet staff. 
• It ensures less misunderstanding within the team. 
• It also provide an opportunity for feedback and improvement in different areas.

1) Crockery should be washed promptly; food should not dry on them. 

2) Scrape off sticky particles before sending them into wash. 

3) Stack similar crockery before loading or washing, this reduces breakages. 

4) Ensure a soft water source for the cleaning. This makes soap more effective. 

5) The correct temperature of wash should be 65c-70c for initial wash and 82c -88c for final rinse. 

6) Detergent concentration and contact time with detergent with the articles should be according to manufacturer’s recommendations.

Special checks are made in some special instance in F&B operations and it has to be signed by supervisor or manager.

Accident Check: These are made out when some accident occurs like a dish gets dropped, the food would need to be replaced without any extra charge to the guest, a special checks needs to be completed, headed “Accident” showing the number of portions to be replaced. The check is counter signed by the supervisor or manager.

No Charge Check: Sometimes, a dish may need ingredients like alcohol for finishing a dish. Such ingredients need to be issued from other outlets, without a separate charge to the guest. In such cases an NC KOT is made.

It can also be made at instances when the senior management entertains guest On prior information. These checks are counter signed by the outlet manager.

Duplicate Check: In such situations when a check for some reason gets misplaced, the customer Cannot be kept waiting, another check is made with the word duplicate inked boldly on top. The head waiter or Manager’s signature is essential to prevent dishonest use.

Return Check: The control system generally does not allow refund or cancellation of dishes once charged and served. However, in certain cases if a commodity has to be returned for a valid reason, another check is made out marked by “Return” and counter signed by the manager for authenticity.

En place Check: On a fixed menu, sometimes guests wish to have a slight change in the dishes Here a check is made written boldly “Enplace”. Even when no monetary change is involved yet it needs the counter sign of the head waiter.

1. Get a list of committee members and pass around an attendance sheet. 

2. Note the timing when the meeting begins. 

3. Write down motions, which made them, and the results of votes, if any; also write down who seconded the motion. 

4. Make note of any motions to be voted at future meetings. 

5. Note the ending time of the meeting.

1. Payment of dividend. 

2. Repayment of capital.