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

What is Digital Payment?

Tripti is a well-known cardiologist of her town. Identify the type of economic activity highlighted in the given case and state its characteristics also.

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?

Even though MoA is an important document of the company, yet is suffers from certain disadvantages. State those disadvantages.

Explain the contents of Memorandum of Association.

Distinguish between Memorandum of Association and Articles of Association.

Dalda Oil Mills produce refined oil. The entire production of oil produced by Dalda Oil Mills is purchased by Raga Oil Depot, who in turn sells it to various retailers. Mrs Aashi purchased 3kg of Dalda oil from Balaji Groceries.
Name the following.

1. Manufacturer ________
2. Wholesaler ________
3. Retailer ________
4. Consumer ________

Discuss some of the economic functions of transport services.

State the statutory provisions related to partnership deed.

William R Bassett has rightfully observed, "The one-man control is the best in the world if that man is big enough to manage everything." Do you agree with him? Give reasons for your answer.