Tag: business organisation and correspondence

Questions Related to business organisation and correspondence

Itinerant retailers are traders who do not have a fixed________ of business to operate from.

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. scale

  2. place

  3. capital

  4. labour

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Correct Option: B

What are the types of the fixed shop retailers on the basis of the size of their operations?

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. Small shopkeepers

  2. Large retailers

  3. Both (A) and (B)

  4. None of the above

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Correct Option: C

Name the traders who do not change their place of business very frequently?

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. Pavement vendors

  2. Cheap jacks

  3. Market traders

  4. Peddlers and Hawkers

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Correct Option: A

What are the characteristics of fixed shop retailers?

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. They operate at large scale.

  2. They have greater credibility in the minds of consumers.

  3. They deal in both durable and non-durable products.

  4. All of the above

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Correct Option: D

Name the traders who open their shops at different places on fixed days or dates.

business organisation and correspondence retailing types of retailers types of retail organisation types of retailing

  1. Street traders

  2. Peddlers and Hawkers

  3. Cheap jacks

  4. Market traders

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Correct Option: D

________ prescribes the qualification for a company secretary.

business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

  1. Board of Directors

  2. Shareholders

  3. Companies Act

  4. None of these

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Correct Option: C
Explanation:

The Company Act prescribes the qualification for a company secretary.

Directors may not declare immediate dividends under which of the following condition(s)?

business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

  1. The Company may be young and growing

  2. The company is likely to become insolvent it it pays dividends

  3. It may be in need of additional capital which cannot be raised except at a very high cost

  4. All the above

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Correct Option: D
The term ___________ means a confidential writer.
business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

  1. Secretarius

  2. loan

  3. account

  4. None of these

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Correct Option: A
Explanation:

The word secretary has been derived from the Latin word 'Secretarius' which means confidential writer or a person to whom the secrets are entrusted by his employee or master.

All types of secretaries need to have the same qualification. 

business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

  1. True

  2. False

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Correct Option: B
Explanation:
(i) One basic qualification required for all types of secretaries is sound general education. 
(ii) He must be a graduate in any of the respective fields. 
(iii) The secretary needs special qualifications as per the nature of organisation where he works. 
(iv) It also depends on the nature of job, i.e. what functions, duties and responsibilities are given to him. 
(v) The qualifications are based also on the position or status enjoyed by the secretary in that organisation. 
(vi) Of course, all types of secretaries need knowledge of accountancy, correspondence, office routine, etc. 
(vii) A secretary of a Joint Stock Company must have knowledge of the Companies Act, 1956 and other laws like Income Tax Act and Factories Act.
(viii) Hence, all types of secretaries need not have the same qualifications.

Generally, _________ is responsible for complying procedural formalities relating to corporate restructuring in a company.

business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

  1. finance department

  2. marketing manager

  3. Company Secretary

  4. HR manager

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Correct Option: C