Tag: organization of commerce and management

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Questions Related to organization of commerce and management

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

Which of the following ordinary services were revolutionized after the invention of the internet?

  1. Food delivery

  2. Purchase of goods

  3. Education

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

After the invention of Internet, everything in this world has been transformed. For example: food can be delivered by ordering online, goods can be purchased and sold through internet, one can attain knowledge through google or you tube, work from home can be done with the help of internet.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

Which of the following inventions is responsible for the phrase "networked individuals and firms are more efficient than networthed individuals"?

  1. Solar power

  2. Internet

  3. Personal computer

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

Internet is responsible for the phrase "networked individuals and firms are more efficient than networthed individuals" as internet usage depends on the network availability in a given area rather than money availability with person. Internet requires a good speed of network in an area given.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

Internet allows a seller access to markets all across the world.

  1. True

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

A seller can reach to a large number of people with the help of Internet. Seller can communicate with the customers worldwide as internet is used by million of people and internet has no boundaries i.e. without any restrictions. For example: Amazon is used in many nations.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

Which of the following companies is an example of an e-business?

  1. Amazon

  2. Flipkart

  3. ebay

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

Amazon, Flipkart, E bay, Ajio etc., all comes under e business as they all operates only with the help of internet. Transactions are carried out using internet between buyers and sellers. E- business has no geographical boundaries. Transactions can be carried out between sellers and customers of different nations.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

Which of the following is a limitation of e-business?

  1. No personal touch

  2. Incongruence between order taking/giving and order fulfillment speed

  3. Increased risk due to anonymity and non-traceability of parties

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

The disadvantages of e business includes the lack of interpersonal relations between customers and business enterprise as they don't know about the physical existence of each other and it is not suitable where customer requires personalized services. Security is a main concern in pursuing e-commerce activities.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

B2B, B2C, C2B are the types of _________.

  1. Network marketing

  2. E-commerce

  3. M-commerce

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

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. These business transactions occur either as business to business transactions, business to consumer transactions, consumer to consumer transactions and customer to business services.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

E-commerce includes buying and selling of
P. Goods - e.g. digital cameras, music systems, clothes, accessories
Q. Information - e.g. subscription to some law site may give access to some court cases
R. Services - e.g. matrimonial services through shaadi.com, placement services through naukri.com.
Select the correct answer from the options given below:

  1. P - No

    Q - No

    R - No

  2. P - Yes

    Q - No

    R - Yes

  3. P - Yes

    Q - Yes

    R - No

  4. P - Yes

    Q - Yes

    R - Yes
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

E-Commerce in India, is the rapidly growing business platform as it includes buying and selling of goods, services and information. Goods and services that includes cameras, clothes, subscription to some law sites, placement services can be purchased and sold through internet. There is nothing in the market that cannot be purchased online.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

Disadvantages of e-commerce are ______________________.

  1. Lack of warmth of interpersonal interactions between the seller and the buyer.

  2. Not suitable where the customer requires personalized service.

  3. Security continues to be a problem for online business.

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

The disadvantages of e-commerce business includes the lack of interpersonal relations between customers and business enterprise as they don't know about the physical existence of each other and it is not suitable where customer requires personalized services. Security is a main concern in pursuing e-commerce activities.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

__________ refers to all forms of business transactions which are carried out through electronic processing and transmission of data including text, sound and visual images.

  1. M-commerce

  2. E-commerce

  3. B-commerce

  4. D-commerce
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

E-commerce stands for electronic commerce where the information or trade between two parties are done through electronic transmission of data that includes text, sound and visual images. It makes use of various electronic platforms such as intranets, extranets and  the internet to conduct a company's business.

Multiple choice organization of commerce and management ownership structures - cooperative society features, merits and demerits, formation and management of a cooperative society meaning and features of cooperative society cooperative organisation

Which of the following sentence in relation to "Cooperative Societies" are correct?
(1) There should be minimum of 20 members to for cooperative society but there is no maximum limit for the membership.
(2) According to Indian Cooperative Societies Act,1912,each society must transfer at least one-third of its profits to general reserve.
(3) Cooperative Societies may distribute maximum up to 90 per cent of its surplus as dividend to its members and can spent another 10 per cent for the welfare of the members.

  1. (1) only

  2. (1) & (2) only

  3. (3) only

  4. (2) & (3) only
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Statement (1) is incorrect because the minimum number of members for a cooperative society is 10, not 20. Statement (2) is incorrect as the Act does not mandate a one-third transfer to general reserve. Statement (3) is a standard guideline for surplus distribution in many cooperative models, making it the only correct statement.