Social Responsibilities of Business and Business Ethics — Business Studies STD 11 Commerce — Question

What do you mean by incorporation of a company? What are the steps involved in corporation of a company?

Describe various types of insurance and examine the nature of risks protected by each type of insurance.

Write a note on international sources of finance.

What is meant by the term ‘Promotion’. Discuss the legal position of promoters with respect to a company promoted by them.

Itinerant traders have been an integral part of internal trade in India. Analyse the reasons for their survival in spite of competition from large scale retailers.

Sanchit, after completing his entrepreneurship course from Sweden returned to India and plans to set up a different type of business of selling standardized cosmetics under the name Cosmos traders by sending catalogues to the local residents of Lucknow and supplying goods to them through courier. He felt that such type of business does not require heavy expenditure on infrastructural facilities. It results in lots of savings to the buyers as well as sellers. The goods were delivered at the doorstep of customers. He is also aware of the fact that in this system, there are more possibilities of misunderstanding and mistrust between buyers and sellers. The receipt and execution of orders will involve long time and delays. On the basis of the given information about Cosmos traders, answer the following questions:
(a) Quoting the lines from the above paragraph, identify the fixed shop large retailing business in which Cosmos traders is engaged in.
(b) Explain any three merits of the type of fixed shop large retailing business identified in part (a).
(c) Explain any two limitations of the above identified business.

Exchange General Stores the distributors of Brigitte Cakes and Biscuits sells cakes and biscuits on cash and credit basis and deals with different traders on different terms and conditions.
North Delhi Merchandise Stores orders cakes and biscuits and preferred to make payment on delivery of the goods to their stores.
South Delhi Merchandise Stores orders cakes and biscuits and preferred to pay higher price inclusive of risk premium and cartage charges.
At the bottom of all the invoices, Exchange General Stores specified a acronym about considering the omissions, if any.
On the basis of the given information about Exchange General Stores, answer the following questions:
(a) Identify and explain the terms of trade used by Exchange General Stores while dealing with different traders.
(b) Identify and explain the acronym specified by Exchange General Stores at the bottom of all the invoices.

How is home trade different from external trade?

Explain the meaning, features, advantages and disadvantages of super market.

Many early post independence leaders, such as Nehru, were influenced by socialist ideas and advocated government intervention to guide the economy, including state ownership of key industries. As a result after Independence, government has taken several steps to develop the country. Some of these steps are:

(i) Setting up four major steel plants in the backward regions of the country.

(ii) Setting up public sector companies like producing heavy engineering goods so as to avoid importing these capital goods from other countries.

On the basis of the given information about public sector, answer the following questions:
(a) Identify the role of Public Sector that the government is trying to achieve by taking these steps.
(b) State the another roles played by public sector in growth of the nation.