Tag: elements of business

Questions Related to elements of business

Write a word, term or a phrase which can substitute each of the following statements:

A report to be submitted to the Registrar according to Section 165.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. Annual report

  2. Statutory report

  3. Trade report

  4. None of these

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Correct Option: B
Explanation:

According to section 165 of the companies act 1965 the company has to file statutory report to registrar.

Select the correct option given below :

The management of a joint stock company is vested in the ____________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. Director

  2. Board of directors

  3. Manager

  4. All of above

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Correct Option: B

Food co-operation of India is _______________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. A joint stock company

  2. Company managed by department

  3. Company established by special act of parliament or state assembly

  4. None of the above

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Correct Option: A

Which of the following is/are disadvantage of a company form of organisation?

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. The formation of a joint stock company is much more complicated than sole proprietorship or partnership.

  2. A joint stock company has greater tax burden.

  3. Separation of ownership from control

  4. All of above

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Correct Option: D

_____________ are formed by small farmers to work jointly and thereby enjoy the benefits of large scale farming.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. Co-operative farming societies

  2. Co-operative marketing societies

  3. Co-operative credit societies

  4. Consumers' co-operative societies

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Correct Option: A

The company can ___________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. Enter into contracts

  2. Borrow money

  3. Open banking account in its name

  4. All of above

Show answer
Correct Option: D
Explanation:

Company is a distinct as well as legal entity and would be liable for his own.

Therefore, a company can borrow money, enter into contracts, open bank account in its name, purchase its own shares.

Molasses in sugar industry is an example of ____________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. Joint product

  2. Unique product

  3. By product

  4. None of the above

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Correct Option: A

The industries which provide support services to other industries are known as ____________.

elements of business fundamentals of business activities characteristics of vocational activities basis of classification of business activities classification of business

  1. Primary industries

  2. Secondary industries

  3. Commercial industries

  4. Tertiary industries

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Correct Option: D
Explanation:

Tertiary industries: These industries provides support to primary and secondary industries . Tertiary industry consits of : banking, transportation warehousing etc services.

Which of the following is not a feature of an optimal capital structure?

elements of business fundamentals of business activities characteristics of vocational activities basis of classification of business activities classification of business

  1. Safety

  2. Flexibility

  3. Control

  4. Solvency

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Correct Option: B

Business risk is not likely to arise due to _____________.

elements of business fundamentals of business activities characteristics of vocational activities basis of classification of business activities classification of business

  1. Change in government policy

  2. Good management

  3. Employee dishonesty

  4. Power failure

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Correct Option: B
Explanation:

Business risks is the possibility that a company will have lower than anticipated profits in future or even experience a loss . If there is a good management in business there will be no chances of business risks.