Tag: organization of commerce and management

Questions Related to organization of commerce and management

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

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

  1. Female members

  2. Male members

  3. Both (A) and (B)

  4. Either (A) or (B)

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Correct Option: B

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.

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

  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

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Correct Option: D

Member in HUF other than KARTA are called as _______________.

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

  1. Co-parceners

  2. Co-partners

  3. Co-manager

  4. Co-karta

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Correct Option: A

The need for outsourcing arises because __________.

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  1. ensuring smooth operations

  2. decreasing past losses

  3. to take tax advantage

  4. all of above

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Correct Option: A
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.

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

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

  1. offshore outstanding

  2. offshore outsourcing

  3. offer outsourcing

  4. shore outsourcing

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Correct Option: B
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.

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

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

  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

Show answer
Correct Option: D
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.

The advantage that is not available with BPO is ________.

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

  1. flexible

  2. focus

  3. speed

  4. communication

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Correct Option: D
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.

Invariably the benefits of BPO are ________.

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

  1. taking care of core business

  2. it is cost effective

  3. a double edged sword

  4. a and b

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Correct Option: D
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.

Which of the following is a challenge of outsourcing?

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

  1. Contract length

  2. Competitive edge

  3. Confidentiality

  4. All of the above

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Correct Option: D
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.

Select the benefits an organization can receive from outsourcing ________________.

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

  1. Increase technical abilities

  2. Financial savings

  3. Market agility

  4. All of the above

Show answer
Correct Option: A
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.