Tag: characteristics of business activities

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Questions Related to characteristics of business activities

Multiple choice elements of business classification of human activities characteristics of business activities economic and non-economic activities human activities - commercial and non-commercial activities

Standardization is a _________________.

  1. End process

  2. Goal oriented process

  3. Continuous process

  4. Static process
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Standardization refers to the maintaining consistency and uniformity in the development of products and services in a business with respect to shape, size, color etc. Standardization is a continuous process as uniformity is maintained in the product or service till the time it is produced and supplied to the market. 

Multiple choice elements of business classification of human activities characteristics of business activities economic and non-economic activities human activities - commercial and non-commercial activities

Secretary looks after the legal matter of any business organisation.

  1. True

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

The secretary looks after the compliance with the rules and regulations in section 100 of companies act 1956. making statutory decision on the behalf of the company.  

Multiple choice elements of business classification of human activities characteristics of business activities economic and non-economic activities human activities - commercial and non-commercial activities

Secretary is one of the decision making authority.

  1. True

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

Secretary is the administrative assistance in a firm . It is not the decision making authority in a business as the decision making authority is the president , board of directors etc.

Multiple choice elements of business classification of human activities characteristics of business activities economic and non-economic activities human activities - commercial and non-commercial activities

Main job of a secretary is to maintain accounts.

  1. True

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

Secretary job is not to maintain accounts.

The secretary is responsible for:
1. ensuring meetings are effectively organised and minuted
2. maintaining effective records & administration
3. Upholding the legal requirements of governing documents, charity law, company law, etc (where relevant)
4. communication & Correspondence

It is also their responsibility to register and communicate with shareholders, to ensure that dividends are paid and to maintain company records, such as lists of directors and shareholders, and annual accounts.



Multiple choice elements of business classification of human activities characteristics of business activities economic and non-economic activities human activities - commercial and non-commercial activities

For any business organisation secretary is required.

  1. True

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

Since there are many tasks or works to do in an organisation there is a requirement of administrative assistance for better functioning of the business. Therefore for every business organisation secretary is required.

Multiple choice elements of business classification of human activities characteristics of business activities economic and non-economic activities human activities - commercial and non-commercial activities

There are different types of secretaries.

  1. True

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

Depending on the extent of the responsibilities performed by the secretaries; they can be classified in many categories. The major categories of secretary are as follows:

  1. Private secretary
  2. Secretary of an association
  3. Secretary of embassy
  4. Secretary of a cooperative society
  5. Secretary of local body
  6. Secretary of Government department
  7. Company secretary.

Multiple choice elements of business classification of human activities characteristics of business activities economic and non-economic activities human activities - commercial and non-commercial activities

Personal secretary is one of the type of secretary.

  1. True

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

Depending on the extent of the responsibilities performed by the secretary they can be classified into categories:

  1. Personal secretary
  2. Secretary of embassy
  3. Secretary of a cooperative society
  4. Secretary of an association
  5. Secretary of local body
  6. Secretary of Government department
  7. Company secretary