(a) A Limited Liability company is a better form of organization than the partnership, explain. (b) What is e-commerce ? Discuss its benefits and limitations.
Subject: 1.4: BUSINESS ORGANISATION & ENVIRONMENT. MODEL QUESTION PAPER 1 Total - 70 marks. SECTION- A. 1. Answer any 5 of the following questions each.
This question paper contains 4 printed pages]. 4371. Your Roll No. B.Com. / I. AS. Paper I-BUSINESS ORGANISATION AND . Describe various elements of contemporary.
The notes and questions for Business Organisation and Management - Question Paper (Unsolved), B.com have been prepared according to the B Com exam syllabus.
State the meaning, objectives and scope of business. When and how was business organization evolved? Answer any two questions out of the following three.
ECO-01 Business Organisation in English Previous Year Question Papers . Organization in English QUESTION AND ANSWER eBook. Title Name, ECO-01 Previous Question.
All questions carry equal marks. Q1. A sole proprietor wants to expand his business and requires more capital and professional expertise for such expansion.
From Business Organization
HUF business is governed by Hindu law and membership is acquired by birth. It is managed by the Karta, whose decisions are binding. Coparceners have limited liability up to their share in family property, while Karta’s liability is unlimited. HUF business enjoys better continuity because business continues even if a member dies.
Promoters occupy a fiduciary position and must act in good faith for the company. They must make full disclosure of material facts and must not make secret profits; undisclosed profits can be recovered by the company. Promoters can be liable for breach of duty, fraud or concealment and may also incur civil/criminal liability for misstatements in prospectus as per law.
Business organization, an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.
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Sole proprietorship vs HUF business:
Therefore, proprietorship suits small individual businesses, while HUF suits traditional family-managed businesses with strong family cooperation.