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

What is the difference between internal and external sources of raising funds? Explain.

Deepak and Gaurav joined the prestigious law university in Ahmedabad in the year 2010. During the course of study they became good friends and they both realized that their common interest lies in the field of corporate law. After completion of their degree they decided to start a firm of their own, namely 'Corpo Law Firm' wherein both of thein will be co-owners dividing the profit and loss. After successfully running the firm for a year, they realized that there are certain rights which are denied to their firm as it is not registered.
Explain the consequences of non-registration of their firm.

'One-man control' is the best advantage in sole proprietorship business. Discuss.

'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

Discuss some of the economic functions of transport services.

Discuss in brief the following objectives of business.

1. Market Standing.
2. Innovation.
3. Manager's Developments.

List the major exports and imports in ancient India.

Radhika is a business woman doing online business of imitation jewellery. Radhika have customers throughout India. Radhika engage in various online transactions and receive orders through email. Customers make payment to Radhika bank account via electronic fund transfer system. Radhika also provide facility to customers to make cash payment on receipt of goods. Time to time Radhika conduct online surveys to know customers' preferences.
Complaints are lodged by the customers at customer complaint number provided to them. Radhika employees can work from anywhere by accessing network using virtual private network technology.
Identify and explain various types of e-Business transactions highlighted above by quoting The line from the case

What is the meaning of ‘Certificate of Incorporation’?

Give the differences between sole proprietorship and partnership.