International Business-I — Business Studies STD 11 Commerce — Question

Maxwell Garments Ltd. took a loan of 10,00,000 from Syndicate Bank. The company is facing acute shortage of funds due to limited demand of their products_ The Finance manager of company suggested to can claim compensation from insurance company against stock lost due to fire in the warehouse. He actuallymeant that the officials can put their warehouse on fire and can claim compensation from Insurance company against stock insured. Later on company can use the insurance claim money to pay loan.
On the basis of the given information about Maxwell Garments Ltd., answer the following questions:
(a) Will the company get the claim if the surveyor from insurance company comes to know the real cause of fire?
(b) Which values did company ignore while planning to arrange money from false representation?

What difficulties will be faced by the manufacturers if wholesalers are eliminated from the chain?

Who are itinerants? Name different types of itinerants.

Ravi, Pradeep, Satyender and Dharmender are partners in a partnership firm. Ravi and Satyender take active part in the operation of business whereas Pradeep has contributed in Capital but do not take part in day to day activities of the business. Dharmender is a nominal partner. All four make partnership for a specified time period and also make written agreement to govern the partnership but they does not get the firm registered.
a. What is meant by nominal partner ?
b. Which type of partnership is there between the partners in above?
c. What is written agreement between the partners called?
d. What type of partners Pradeep and Ravi are?
e. Give two merits of getting firm registered.

What are equity shares? Discuss its various features.

Aniket after doing his fashion designing course, started an export business in the form of a private company along with his uncles Mr. Manish and Mr. Rajnish. They helped him to assemble resources, prepare necessary documents, give a name and perform various other activities to get a company registered and obtain the necessary certificate enabling the company to commence business. Later on, he came to know that Mr. Manish had forged the signatures of Mr. Rajnish on the Memorandum of Association. He is now fearing that the Incorporation of the company will be considered invalid.
On the basis of the given information, answer the following questions:
(a) What will Aniket, Manish and Rajnish be called as?
(b) According to you, will the incorporation of the company be considered as invalid? Why or why not?

What are the causes of sickness in small industries?

Define one person company. Explain it salient features.

Briefly explain the primary functions of commercial banks.

What are intellectual property rights?