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

Explain the factors that are responsible for the existence of Joint Hindu Family business?

Aneesh insured his house for ₹ 30,00,000. He has also insured himself and his brother for ₹ 25,00,000 and ₹ 20,00,000 respectively. Due to major accidental fire his house was completely damaged and his brother expired in the incident. Theinsurance company assessed the loss of damaged house and paid ₹ 20,00,000 each for the house and also for his brother. The burnt out and damaged material of the house was sold by the insurance company for ₹ 84,000 Explain the principle on the basis of which insurance company paid ₹ 20,00,000 for the house and the same amount for his brother

Who are itinerants? Name different types of itinerants.

What are the steps required for raising funds from public?

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.

Explain various payment mechanisms under e-business.

Pramesh was a successful businessman and owned a departmental store. He was aware of the fact that profit is the reward of risk-bearing. So, in order to earn more profits, he opened two more departmental stores and employed a team of young staff to look after the stores. Initially, the staff was very sincere and Pramesh earned huge profits from his 3 departmental stores. However, over the last two years, his business is running into losses. On close analysis, he found that his staff was not giving much attention to the customers. Moreover, there were many cases of embezzlement (misappropriation of funds) by the employees.
Identify and explain the main cause behind the losses in Pramesh's Business.

Shiela after graduating from college went back to her home town in Meghalaya. It was a small town with very few job opportunities. The Karbi tribal women in that area were uneducated but still practiced the method of obtaining traditional colours from natural wild herbs. Their most popular dye was indigo obtained from the leave called 'sibu'. Using these colours they added variety to their textiles. The women were mainly confined to their homes and they did not know how to make a living out of their talent. Shiela went from door to door and analysed the problem that existed. She thought of setting up a business of buying textiles from them and converting them to suits in her factory in Noida. Her business turned out to be a great success.

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

(a) Identify the type of business activity Shiela is engaged in.

(b) Specify the category of the type of business activity performed by Shiela.

(c) Which type of business activity is undertaken by Karbi tribal women by getting indigo obtained from the leave called 'sibu'?

Briefly discuss the role of service sector in an economy.

Briefly explain the term ‘Return of Allotment’.