Forms of Business Organisation — Business Studies STD 11 Commerce — Question

Shivam Enterprises is a leading manufacturer of Home Security Equipments and its products enjoy a very good reputation in the Indian market. Encouraged by this, Kartik (owner of the firm) is thinking of expanding the work to foreign territories also. Kartik wants to export the security equipment to Europe. So, he consulted Abhay, one of his friends, who is actively involved in the export and import of goods. Abhay told Kartik that the export of goods requires a special 'Procedure'. Abhay also explained the advantages and disadvantages of the International business to Kartik.
a. Discuss the procedure which is required to be followed by Kartik for the export of goods.
b. Also, discuss the various advantages and disadvantages of the International business to Kartik.

Discuss the various types of preference shares.

What is the difference between a hawker and a peddler?

Why is it necessary to have a partnership deed?

What are the advantages and disadvantages of preference shares?

Distinguish between Memorandum of Association and Articles of Association.

What are courier services? Give the name of any two courier companies and discuss their functioning too.

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

A factory owner took a fire insurance policy for his factory from New India Assurance Company by hiding the fact that the electricity board has issued him statutory warning letter to get his factory wiring changed at the earliest. Later on, the factory catches accidental fire due to short circuit in the electric board.

Explain the principle of insurance violated in this situation.

Define promoter. What are the functions of a promoter?