Business Services — Business Studies STD 11 Commerce — Question

Business ethics concerns itself with relationship between objectives, practices and techniques and the good of society. A Business enterprises can foster ethics at the workplace by following certain basic elements of business ethics.
In the light of above statement, explain any four basic elements of business ethics.

Explain the meaning, features, merits and demerits of cooperative society.

Mahesh Time Machine Ltd. is engaged in manufacturing electronic watches in Delhi. The company received an order for supply of 600 watches from Karan Electronics in Madhya Pradesh. As the amount of payment is more than ₹ 3 lakhs, Karan Electronics decided to transfer the funds directly from their bank account through the mobile application. Now-a-days due to these services the customers do not need to go to the bank every time he has to transact with bank.
On the basis of the given information about Mahesh Time Machine Ltd., answer the following questions:
(a) State the service of bank through which Karan Electronic has transferred the funds directly from his bank account.
(b) Explain the benefits of this service available to customers.

State the important privileges available to a private company.

Discuss the characteristics, merits and limitation of cooperative form of organisation. Also describe briefly different types of cooperative societies.

Discuss the sources from which a large industrial enterprise can raise capital for financing modernisation and expansion.

List the documents required for the incorporation of a company.

Explain different types of partners.

Debentures are good from debenture holders point of view but not for business. Do you agree? Explain.

Amarjeet had insured the stock of timber on his land under a fire policy. He had already sold the timber to a company of which he was the only shareholder. Later on the timber was damaged by fire. The insurance company refused to make the payment for claim as it came to know about the situation.
On the basis of the given information about Amarjeet, answer the following questions:
(a) Is Amarjeet entitled to receive the claim? Give reason in support of your answer.
(b) Explain the relevant principle of insurance applied by insurance company in rejecting the claim.