Tag: business services 1

Quizzes (21) Questions (14)

Questions Related to business services 1

Multiple choice organization of commerce and management business services 1 communication services postal services 4 - rapid communication and other facilities postal services and warehouses importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

Telegram was charged on the basis of _________.

  1. number of words used

  2. number of letter used

  3. number of sentences used

  4. number of paragraphs used
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Telegram was charged on the basis of number of words used. A telegraph message sent by an electrical telegraph operator or telegrapher using Morse code (or a printing telegraph operator using plain text) was known as a telegram. Telegram is regarded is a cloud-based instant messaging service.

Multiple choice organization of commerce and management business services 1 communication services postal services 4 - rapid communication and other facilities postal services and warehouses importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

Which is the most historical way of sending information?

  1. Internet

  2. Telephone

  3. Telegram

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Telegram is the most historical way of sending information. Telegram was charged on the basis of number of words used. A telegraph message sent by an electrical telegraph operator or telegrapher using Morse code (or a printing telegraph operator using plain text) was known as a telegram. Telegram is regarded is a cloud-based instant messaging service.

Multiple choice organization of commerce and management business services 1 communication services postal services 4 - rapid communication and other facilities postal services and warehouses importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing
Written communication is called _________.

  1. compliments

  2. consideration

  3. correspondence

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

C. correspondence

A written  communication is usually in the form of a letter and is called business correspondence. It is a way by which any person who is related to the business expresses oneself. 
He may also ask any doubts or queries through business correspondence. Any correspondence between two organizations or within an organization is referred to as business correspondence.  
For example, a letter to the supplier, letter of inquiry, complaint letters, job applications, etc.


Multiple choice organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

Rate of return which considers riskiness and an available returns on investments is classified as _______________.

  1. constant dividend

  2. constant rate

  3. maximum rate of return

  4. minimum acceptable rate of return
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The minimum acceptable rate of return (MARR) is the minimum rate a project must earn to be considered financially viable, accounting for risk and alternative investment opportunities.

Multiple choice organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

A _______ was developed to offer a broad coverage against all possible damages arising from a variety of risks.

  1. Lump-sum policy

  2. One-time policy

  3. Comprehensive policy

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A comprehensive policy was developed to offer a broad coverage against all possible damages arising from a variety of risks. Comprehensive policy typically covers damage from fire, vandalism or falling objects. Comprehensive policy is often regarded as an optional coverage.

Multiple choice organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

Health Insurance is a safeguard against rising medical costs. 

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Health Insurance is a safeguard against rising medical costs- this is a true statement. Health insurance can be defined as a policy which is designed to provide coverage to costs which occur due to medical care. It helps to provide financial protection in case of hospitalization of the insured.

Multiple choice organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

Whenever you buy a vehicle, motor insurance is equally important and third party liability insurance is mandatory.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
A. True
Motor Vehicle Insurance falls under the General Insurance. In motor insurance, the owner’s liability to compensate people who were killed or injured through negligence of the motorists or drivers is passed on to the insurance company. This is also known as third party insurance. The premium is paid yearly in case of Motor Vehicle Insurance.
Multiple choice organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

'A' group items in the ABC system are ______________.

  1. Large number of items with large rupee investment

  2. Very high quality items

  3. Large number of items with small rupee investment

  4. Small number of items with large rupee investment

  5. Sub standard items with large rupee investment.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

ABC analysis is an inventory management technique in which inventory is segregated into three groups - A, B and C on the basis of the value of annual usage. The A items are those in which contribute the largest rupee investment.

Multiple choice organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

State the following statement is True or False:

The persons who are trustees, agents and managing partners of the company are the directors.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Since the company is an artificial person, Director acts an agent of the company. Director acts as a trustee by safeguarding the financial and other resources of the company. He/She acts as a managing partner by managing the company's affairs under the guidance of the Board of Directors.

Multiple choice organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

State the following statement is True or False:

The authority which directs and manages the affairs of a company is the Board of directors.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Subject to the provisions of the Companies Act 2013, the Board of Directors of a company shall be entitled to exercise all such powers, and to do all such acts and things, as the company is authorized to exercise and do.