Forms of Business Organisation — Business Studies STD 11 Commerce — Question

William R Bassett has rightfully observed, "The one-man control is the best in the world if that man is big enough to manage everything." Do you agree with him? Give reasons for your answer.

Name any four elements of business ethics.

Prakash is a petty trader who carry different varieties of fruits on his hand cart and move from one colony to another to sell his merchandise at the doorstep of the customen. State giving reason the type of retailer and its category under which Prakash should be placed.

What are merchant corporations? Explain their functions.

Give the features of partnership at will and particular partnership.

Sparsh Mart Ltd. which was earlier operating only in Ahmedabad decided to expand its operations in two other states. So to get required funds, it invited general public to subscribe for its public issue of ₹50 crores through an initial public offer (IPO). It received applications for shares of ₹40 crores.
Can the company proceed with allotment of shares? Why or why not? Give reasons in support of your answer.

What are the obligations of a business in the name of social responsibility?

Write a short note on Vending Machines.

Shivangi is fond of buying goods online. She bought a dress online from a Swedish company after reading good reviews about the dress on customer portal. But when she received the dress, it is not the same as shown in the picture. She called on the customer care number to discuss her problem.
On the basis of the given information about Shivangi, answer the following questions:
Explain the types of e-Business transactions mentioned here quoting lines from the case.

Mr. Satish gets his house insured against fire of Rs. 20 Lakh with insurer A and for Rs. 10 Lakh with insurer B. A loss of Rs. 3 Lakh occurred.

(1) How much compensation can be claimed from A and B separately and Why ?

(2) Name the principle of Insurance in the above case.