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

Differentiate between contract manufacturing and setting up wholly owned production subsidiary abroad.

Ravi, Pradeep, Satyender and Dharmender are partners in a partnership firm. Ravi and Satyender take active part in the operation of business whereas Pradeep has contributed in Capital but do not take part in day to day activities of the business. Dharmender is a nominal partner. All four make partnership for a specified time period and also make written agreement to govern the partnership but they does not get the firm registered.
a. What is meant by nominal partner ?
b. Which type of partnership is there between the partners in above?
c. What is written agreement between the partners called?
d. What type of partners Pradeep and Ravi are?
e. Give two merits of getting firm registered.

Write a short note on Vending Machines.

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.

Classify, on the basis of size, the business enterprises.

Infosystem Ltd. is a global leader in technology services. The company enable clients in 45 countries to create and execute strategies for their digital transformation. The company officials follow the vision of "reaching new heights with its people on its side". It not only provides quality products but also provides various facilities to its employees for five years of service. While Infosystem Foundation in India creates opportunities for the underprivileged and strives to build a more equitable society.
On the basis of the given information about Infosystem Ltd., answer the following questions:
(a) Is Infosystem Ltd. following business ethics? Also define business ethics.
(b) Identify the interest groups towards which business is fulfilling its social responsi bilities?

What purpose is served by wholesalers providing warehousing facilities?

Explain the functions of e-banking.

E-Wallets are an easy and faster way to make payments still are not pure blessings. Do you agree? Justify.

Give the features of business ethics.