Tag: organization of commerce and management

Questions Related to organization of commerce and management

Which of the following can be treated as disadvantages of HUF form of business?

organization of commerce and management ownership structures - sole proprietorship and joint hindu family business hindu undivided family business introduction to huf joint hindu family business

  1. HUF business has generally limited financial and managerial resource.

  2. There is always a lack of motivation among the members to work hard.gains.

  3. Since the karta has absolute freedom to manage the business, there is scope for him to misuse it for his personal gains.

  4. All of above

Show answer
Correct Option: D
Explanation:
In a Hindu Undivided Family business only the male members get a share in the business by virtue of their being part of the family. A Hindu Undivided Family is an extended family arrangement prevalent among Hindus of the Indian subcontinent. It came into existence as per Hindu Inheritance Laws of India. Following can be treated as disadvantage of HUF form of business:
a) HUF business has generally limited financial and managerial resource.
b) There is always a lack of motivation among the members to work hard.gains.
c) Since the karta has absolute freedom to manage the business, there is scope for him to misuse it for his personal gains.

No stranger can ever be qualified to be a karta, but an adopted son who is the eldest in the family can be qualified.

organization of commerce and management ownership structures - sole proprietorship and joint hindu family business hindu undivided family business introduction to huf joint hindu family business

  1. False

  2. True

  3. Partly true

  4. None of above

Show answer
Correct Option: B
Explanation:

No stranger can ever be qualified to be a karta, but an adopted son who is the eldest in the family can be qualified- this is a true statement. The affairs of business are managed by the head of the family, who is known as the Karta. In the entire Hindu joint family, the karta occupies a very important position. Karta is the eldest member of the family. Only a coparcener can become Karta.

Which of the following is/are features of KARTA in HUF form of business?

organization of commerce and management ownership structures - sole proprietorship and joint hindu family business hindu undivided family business introduction to huf joint hindu family business

  1. Karta is the eldest male member of the family.

  2. Karta is the custodian of the income and assets of the HUF.

  3. Karta is to manage the HUF property.

  4. All of above

Show answer
Correct Option: D
Explanation:

The affairs of business are managed by the head of the family, who is known as the Karta. In the entire Hindu joint family, the karta occupies a very important position. Karta is the eldest member of the family. Only a coparcener can become Karta. Features of Karta in HUF form of business are:a) Karta is the eldest male member of the family. b) Karta is the custodian of the income and assets of the HUF.c) Karta is to manage the HUF property.

Which of the following can be treated as advantages of HUF form of business?

organization of commerce and management ownership structures - sole proprietorship and joint hindu family business hindu undivided family business introduction to huf joint hindu family business

  1. A HUF business is not affected by the insolvency or death of any member including that of karta.

  2. An inefficient karta can also do harm to the business.

  3. The continuity of business is always under threat It may be due to a small rift within the family and if aco- parcener asks for a partition the business is closed.

  4. Since the karta has absolute freedom to manage the business, there is scope for him to misuse it for his personal gains.

Show answer
Correct Option: A
Explanation:

A HUF business is not affected by the insolvency or death of any member including that of karta- this can be treated s advantage of HUF form of business. In a Hindu Undivided Family business only the male members get a share in the business by virtue of their being part of the family. A Hindu Undivided Family is an extended family arrangement prevalent among Hindus of the Indian subcontinent. It came into existence as per Hindu Inheritance Laws of India.

Which of the following can be treated as disadvantages of HUF form of business?

organization of commerce and management ownership structures - sole proprietorship and joint hindu family business hindu undivided family business introduction to huf joint hindu family business

  1. An inefficient karta can also do harm to the business.

  2. In a HUF business the male members of three successive generations are involved which may leads to conflict between generations.

  3. The continuity of business is always under threat. It may be due to a small rift within the family and if a coparcener asks for a partition the business is closed.

  4. All of above

Show answer
Correct Option: D
Explanation:
In a Hindu Undivided Family business only the male members get a share in the business by virtue of their being part of the family. A Hindu Undivided Family is an extended family arrangement prevalent among Hindus of the Indian subcontinent. It came into existence as per Hindu Inheritance Laws of India. Following can be treated as disadvantage of HUF form of business:
a) An inefficient karta can also do harm to the business.b) In a HUF business the male members of three successive generations are involved which may leads to conflict between generations.
c) The continuity of business is always under threat. It may be due to a small rift within the family and if a coparcener asks for a partition the business is closed.

Full form of E-Commerce is __________________.

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

  1. electric commerce

  2. electricity commerce

  3. electronic commerce

  4. None of the above

Show answer
Correct Option: C
Explanation:

E commerce (e-commerce) or electronic commerce, a subset of e-business, is the purchasing, selling and exchanging of goods and services over computer networks.

E-business helps in a movement towards paperless society and ecological ways of doing business.

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

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

E- Business helps in a movement towards paperless society and ecological ways of doing business as everything is done online, very less paper based transactions are involved that helps in maintaining the ecological environment.

Digital computers are also called as____________.

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

  1. business computers

  2. second generation computers

  3. third generation computers

  4. electronic computers

Show answer
Correct Option: D
Explanation:

Digital computers are devices that are capable of solving problems by processing information in discrete form. It operates on data including magnitudes, letters and symbols that are expressed in binary forms and are also known as electronic computers.

Choose the correct answer form the alternatives given.
Which of the following is the worlds largest e-commerce company?

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

  1. Amazon

  2. eBay

  3. Alibaba

  4. Flipkart

Show answer
Correct Option: C
Explanation:

Indian shuttler Kidambi Srikanth displayed pure class to oust defending champion Viktor Axelsen and clinch the mens singles title at the $120,000 Swiss open Grand Prix Gold. 

The internet has no boundaries.

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

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

The internet has no boundaries, it has a global reach. Wherever the network is available, internet can be used for making our work easy and fruitful. Internet can be processed anywhere if network availability is good.