Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question

Name any three special financial institutions and state their objectives.

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

Explain the contents of Memorandum of Association.

Categorise the following into business, profession and employment:

1. A doctor.
2. A clerk.
3. A lawyer.
4. A merchant.
5. A rigger working in a shop and repairing scooters.

Distinguish between private and public VIE warehouses on the following basis:

1. Investment.
2. Risk.
3. Operating cost.
4. Control.

Software Engineers working in 'General Technologies' are very happy as they got the freedom to work from home. Their boss told them that they are free to carry their work back home and just need to complete the project assigned to them on time. So all the engineers are taking their daily assigned tasks from the daily work manager and save it in their laptops to complete it at their convenience at their homes.
The initiative was taken by the general manager so as to allow the employees to spend more time with their families which in turn can increase their potential, creativity and efficiency.
On the basis of the given information about General Technologies, answer the following questions:
(a) Identify the dimension of e-Business talked about in the above situation.
(b) State any other two dimensions of e-Business.
(c) Identify two values which the company is trying to communicate to the society?

Insurable interest is a fundamental principle of insurance. When should it be present in case of this is:

1. Life insurance policy.
2. Fire insurance policy.
3. Marine insurance policy.

Which values are of utmost importance while we get involved in e-business?

Why is business ethics considered important?

Business is a part of society. It must conduct ethical activities. In context to this, explain the meaning of business ethics.