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

Explain the 'Mutual agency' feature of partnership.

Name any four elements of business ethics.

"The Karta is over burdened in an HUF" business. Discuss.

Even though MoA is an important document of the company, yet is suffers from certain disadvantages. State those disadvantages.

About 6 billion passengers travel in Indian Railways each year. If anyone of us has traveled they will vouch for the fact that currently the availability of quality food in Indian Trains is something not to be excited about. Travelkhana solves this very problem for the railway passenger.

It offers a variety of choices to a railway passenger so that the passengers can order food as per their liking and at their price point while they are travelling. The Travelkhana automated platform tracks trains in real time across India and ensures that fresh food is delivered to the passenger as per their choice in real time. It also helps vendors and restaurants in terms of effective and efficient fulfillment. Additionally, it completes an entire fulfillment cycle right from the point of ordering to Delivery, Customer feedback and Reconciliation. What is most exciting is that railway passengers are served fresh food thanks to the patented technology behind Travelkhana? Travelkhana was started by Mr. Pushpinder Singh.

On the basis of the given information about Travelkhana, answer the following questions:

(a) Identify the types of industry being discussed in above case.

(b) What values are being exhibited by the above business?

Explain the factors which affect the choice of form of business organisation.

Nandini, in order to promote local craftsmen of Gujarat, formed an where in the persons voluntarily associate themselves to promote common economic interest. The basic purpose of this organisation was to help these craftsmen to find market for their products. It had a managing committee that was elected on the basis of 'one member one vote'. organisation
On the basis of the given information, answer the following questions :
(a) Identify the form of business organisation set up by Nandini.
(b) Quoting the lines form the above para, state any two features of this form of organisation.

'Reva Chemicals' is a partnership firm. Sona and Mona one two partners in this firm. It is recorded in the Partnership Deed that Sona's liability is unlimited, whereas Mona's is limited. Sona wants to set up the Anti-Pollution plant in his factory, but Mona does not let him do so. Almost all the transactions of this firm are done through the internet. The firm Sells its goods to other Business units only. The firm gets its Research and Development work done by another firm, who is a specialist of such work.
i. Describe the type of partnership.
ii. ldentify the two values being overlooked.
iii. Name the type-business being done by the firm

Differentiate the following activities into Economic and Non-economic:
i. A property dealer is purchasing a house for himself.
ii. A doctor is giving his son a medical treatment.
iii. A person is selling tea on a railway station.
iv. A property dealer is buying a house for someone on commission.