Tag: organization of commerce and management

Questions Related to organization of commerce and management

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

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

  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

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Correct Option: D
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.

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

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

  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

Show answer
Correct Option: D
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.

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

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

  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

Show answer
Correct Option: D
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.

The head of Joint Hindu Family firm is Karta.

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. True

  2. False

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Correct Option: A
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.

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

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. Son's of the HUF

  2. Daughters of the HUF

  3. All the co-parceners of HUF

  4. Karta of HUF

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Correct Option: D
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.

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

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. KARMA

  2. KARTA

  3. KARMAVIR

  4. KARVIR

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Correct Option: B

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

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. Individually

  2. Separately

  3. Jointly

  4. With society

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Correct Option: C

The Hindu Undivided Family business is governed by ____________.

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. Contract law

  2. Hindu law

  3. Muslim law

  4. Company law

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Correct Option: B

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

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. Indian Companies Act

  2. Indian Partnership Act

  3. Hindu Law

  4. None of the above

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Correct Option: C

In HUF business, all the members own the business jointly.

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. Partly true

  2. True

  3. Partly false

  4. False

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Correct Option: B