Tag: organization of commerce and management

Quizzes (70) Questions (1107)

Questions Related to organization of commerce and management

Multiple choice organization of commerce and management joint hindu family business and cooperative society cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation introduction to huf

In a Hindu Undivided Family business only the ________ get a share in the business by virtue of their being part of the family.

  1. Female members

  2. Male members

  3. Both (A) and (B)

  4. Either (A) or (B)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Traditionally, in the context of coparcenary rights in an HUF, male members (and now daughters under the Hindu Succession Amendment Act) get a share by birth. However, in the context of older curriculum questions, 'male members' is often the expected answer.

Multiple choice organization of commerce and management joint hindu family business and cooperative society cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation introduction to huf

Statement X :
Karta is the custodian of the income and assets of the HUF
Statement Y:
An adopted son who is the eldest in the family can be qualified to be a Karta of HUF.

  1. X is true but Y is false

  2. Y is true but X is false

  3. Both X and Y are false

  4. Both X and Y are true
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Karta is the manager and head of the Hindu Undivided Family (HUF), responsible for its assets and income. An adopted son, being a member of the family, can indeed become the Karta if he is the eldest male member.

Multiple choice organization of commerce and management joint hindu family business and cooperative society cooperative organisation features, organisation, advantages and disadvantages of cooperative organisation introduction to huf

Member in HUF other than KARTA are called as _______________.

  1. Co-parceners

  2. Co-partners

  3. Co-manager

  4. Co-karta
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In a Hindu Undivided Family (HUF), the members other than the Karta are referred to as co-parceners. They hold a legal right to the family property by birth.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

The need for outsourcing arises because __________.

  1. ensuring smooth operations

  2. decreasing past losses

  3. to take tax advantage

  4. all of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The need for outsourcing arises for ensuring the smooth operations of business organisations by focusing on its core activities, getting its business processes work done from the skilled professionals that increases efficiency eventually generating more profits.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

BPO that is contracted outside a company's country is called ___________.

  1. offshore outstanding

  2. offshore outsourcing

  3. offer outsourcing

  4. shore outsourcing
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Offshore outsourcing is a type of business process outsourcing that involves hiring an external organisation to perform some business functions in a country other than the one where products or services are actually developed or manufactured.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

Outsourcing is used by an organization for the interest of ____________.

  1. redirecting or conserving energy directed at the competencies of a particular business

  2. making more efficient use of worldwide labor, capital, technology and resources

  3. lowering firm costs or to make more efficient use of worldwide labor, capital, technology and resources

  4. any of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Companies outsource primarily to cut costs i.e. for achieving he economies of scale and also about reaping the benefits of strategic outsourcing such as skilled expertise, specialized performance so that better results can be obtained, eventually generating more profits.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

The advantage that is not available with BPO is ________.

  1. flexible

  2. focus

  3. speed

  4. communication
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Business process outsourcing involves the transfer of business processes to an external service provider so that an organisation can mainly focus on core activities of its business without wasting its time in other business activities.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

Invariably the benefits of BPO are ________.

  1. taking care of core business

  2. it is cost effective

  3. a double edged sword

  4. a and b
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Business process outsourcing refers to the transfer of business processes to an external service provider so that organisation can focus on its core business without wasting its lot of time on non-core business activities and also BPO is cost effective.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

Which of the following is a challenge of outsourcing?

  1. Contract length

  2. Competitive edge

  3. Confidentiality

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

Contract length, competitive edge and confidentiality are the challenges of outsourcing as getting work done from the third party may affect the confidentiality of an enterprise and may also lead to the decrease in competitive abilities.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

Select the benefits an organization can receive from outsourcing ________________.

  1. Increase technical abilities

  2. Financial savings

  3. Market agility

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

Outsourcing helps the business to focus on its core activities by getting its other non-core activities done through the third party. It also increases technical abilities of an organisation as its work is outsourced from people with more technical knowledge.