Emerging Modes of Business — Business Studies STD 11 Commerce — Question

"The partners of a partnership firm are jointly and individually liable for the debts of the firm." Discuss.

Partnership form of business is particularly suitable for certain specific business. Enumerate those business.

“Risk is an essential element of a business.” Do you agree? If yes, elaborate the statement with proper reason.

Why is the government company form of organisation preferred to other types in the public sector?

List different types of finance.

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

Why is it necessary to have a partnership deed?

State the duties of a promoter.

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.

Explain procedure of registering a partnership firm.