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 modes of services e-advertising, e-marketing and e-security structure of business introduction to internet and e-commerce

Benefit(s) of e-commerce is/are ______________.

  1. e-commerce enables business firms to reach out to customers all over the world who have an access to internet.

  2. it reduces the cost of business transactions

  3. it increases customer satisfaction

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

Buying and selling through internet i.e e-commerce activities helps in reducing the costs of business transactions as physical stores are not required by an enterprise to function, provides economies of scale that leads to reduction in the price of products and increases the customer satisfaction and maintaining the goodwill of business enterprise.

Multiple choice organization of commerce and management emerging modes of services e-advertising, e-marketing and e-security structure of business introduction to internet and e-commerce

Benefit(s) of e-commerce is/are ________________________.

  1. Customers can shop from home or office.

  2. It allows quick response to the queries of customers and other business houses through the internet.

  3. It is easier to launch a new product through the internet.

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

Buying and selling through internet i.e E commerce activities helps in reducing the costs of business transactions as physical stores are not required by an enterprise to function, provides economies of scale that leads to reduction in the price of products and increases the customer satisfaction and maintaining the goodwill of business enterprise.

Multiple choice organization of commerce and management emerging modes of services e-advertising, e-marketing and e-security structure of business introduction to internet and e-commerce

Benefit(s) of e-commerce is/are ___________.

  1. it saves a lot of time, money and energy in receiving orders and executing the same under the traditional mode of commerce.

  2. the business firm can get quick supplies from the vendors.

  3.  the whole world becomes a shop for the customers.

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

There are many advantages of e commerce. E commerce activities helps in reducing the costs of business transactions as physical stores are not required by an enterprise to function, provides economies of scale that leads to reduction in the price of products and increases the customer satisfaction and maintaining the goodwill of business enterprise.

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

The head of Joint Hindu Family firm is Karta.

  1. True

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

The head of the joint hindu family business is known as Karta. Karta is usually the senior most male member of the joint family and he has the power to control the whole business.

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

Who has the power to transfer the joint property of HUF so as to bind the interest of both adult and minor coparceners?

  1. Son's of the HUF

  2. Daughters of the HUF

  3. All the co-parceners of HUF

  4. Karta of HUF
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The joint Hindu Family Business is normally managed by the senior member of the family and he is known as Karta. All the necessary powers, rights and responsibility to carry on the business is in the hands of the Karta.

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

The affairs of business are managed by the head of the family, who is known as the________.

  1. KARMA

  2. KARTA

  3. KARMAVIR

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

In a Hindu Undivided Family (HUF), the head of the family who manages the business is called the Karta.

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

The HUF form of business all the members of a hindu undivided family own the business ________.

  1. Individually

  2. Separately

  3. Jointly

  4. With society
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In an HUF, the business is owned jointly by all members of the family, not individually or separately.

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

The Hindu Undivided Family business is governed by ____________.

  1. Contract law

  2. Hindu law

  3. Muslim law

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

HUF businesses are governed by Hindu Law, which dictates the rights and duties of the members and the Karta.

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

Hindu Undivided family is formed or created in accordance with the __________.

  1. Indian Companies Act

  2. Indian Partnership Act

  3. Hindu Law

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An HUF is created by the operation of Hindu Law, as it is a family-based entity rather than a contract-based one.

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 HUF business, all the members own the business jointly.

  1. Partly true

  2. True

  3. Partly false

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

As established, members of an HUF own the business assets jointly by virtue of their birth into the family.