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Organisation of Commerce Important Question Bank 2019
- Define Joint Stock Company and explain its features
- Distinguish between District Forum and State Commission
- Define a Sole Trading Concern. Explain its merits and demerits.
- Distinguish between Bonded warehouse and Duty Paid warehouse.
- Is profit maximization a sole objective of a co-operative society? Give reasons
- Define a partnership firm. Explain its merits and demerits.
- What are the advantages of outsourcing?
- Define commercial bank? Explain its primary functions
- Middle level management v/s lower level management.
- State any ‘five principles’ of management given by Henry Fayol.
- Distinguish between Joint Hindu Family firm and Joint Stock Company.
- State the principles of Scientific Management.
- State the importance of consumer protection.
- Distinguish between Private company and Public Company
- In partnership the liability of partners of a firm is unlimited. Give reasons.
- State the importance of controlling.
- Explain the Consumer Protection Act.
- State the steps involved in online transactions.
- It is easy to set up e – business as compared to traditional business.Give reasons.
- State the social responsibility of business organisations towards consumers.
- What is statutory corporation? Explain merits and demerits
- Distinguish between sole trading concern and Partnership firm
- State the characteristics of an ‘entrepreneur’
- State the importance of principles of management.
- Coordination is needed at all the levels of management.Give reasons.
- Distinguish between Organising and Staffing.
- State the right of consumers.
- Principles of management improve the efficiency of employees.
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