Tag: business as an activity

Questions Related to business as an activity

What is true for Branch office?

elements of business operative activities in business concept and types of commerce and industry nature of industries and commerce role, branches and types of industry and commerce business as an activity meaning and types of trade trade and aids to trade

  1. It is not allowed to carry on manufacturing activity on its own.

  2. It is allowed to carry on manufacturing on its own.

  3. It is allowed to carry on business without the permission of RBI.

  4. None of the above.

Show answer
Correct Option: A
Explanation:

Branch, bough, limb refer to divisions of a tree. Branch is general, meaning either a large or a small division. Bough refers only to the larger branches: a bough loaded with apples. A limb is a large primary division of a tree trunk or of a bough: to climb out on a limb.

A “branch”, by contrast, will be a part of a company, organised so as to conduct business on behalf of that company. ... A branch is not a separate corporate entity, but is typically run along lines that are similar in concept to those of a subsidiary company.

The principles of right and wrong that are accepted by an individual or organization are the  ____________.

elements of business operative activities in business concept and types of commerce and industry nature of industries and commerce role, branches and types of industry and commerce business as an activity meaning and types of trade trade and aids to trade

  1. Research and Development

  2. Company Image and Brand Equity

  3. Value System

  4. All of above

Show answer
Correct Option: C
Explanation:

A hierarchy of values that all moral agents possess, demonstrated by their choices. Most people's value systems differ, making the imposition of a singular value system by the state a source of constant social warfare. This is an individualistic concept. One's value system is molded by one's virtues or vices.

Consider the following statements:
1. Through the Hawthorne Studies, Elton Mayo could support Mary Parker Follett's theory that the lack of attention to human relationships was a major flaw in other management theories.
2. The book - The Human Problems of an industrialised Civilisation, was written by Mary Parker Follett.
Which of the statements given above is/are correct?

elements of business operative activities in business concept and types of commerce and industry nature of industries and commerce role, branches and types of industry and commerce business as an activity meaning and types of trade trade and aids to trade

  1. Only 1

  2. Only 2

  3. Both 1 and 2

  4. Neither 1 nor 2

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Correct Option: A

Common examples for non-profit corporations are ________________.

elements of business operative activities in business concept and types of commerce and industry nature of industries and commerce role, branches and types of industry and commerce business as an activity meaning and types of trade trade and aids to trade

  1. Educational corporations

  2. Charitable corporations

  3. Religious corporations

  4. All of above

Show answer
Correct Option: D
Explanation:

Non-profit corporations are all such organisations that do not operate for profit earning purpose and usually possess some social motive for the business. Common examples- educational corporations, charitable corporations and religious corporations.