Thus, the maintenance of adequate secrecy leaves no scope to his competitors to be aware of the business secrets. Question 1. 5. NCERT Solutions Class 11 Business StudiesBusiness Studies Sample Papers, I. Explain meaning, features, merits and demerits of joint stock company. An entity which has a separate legal entity in the eyes of law is called artificial person. If there is any shortfall in his maintenance, then any of the members can sue for maintenance. Appreciate the benefits of joint ventures. When the business fails, the private properties of the owner are utilized to pay off the business debts. NCERT books are available to download or you can buy NCERT books online. 7. (b) 5. 2. Name the law which governs Joint Hindu Family Business. Minor can be full-fledged member of: (c) Garment Factory. General practice is to adopt the Common Seal, at the first Board Meeting of the company. The application should contain the following information: The application should be signed and verified by each partner. Answer: When a person, by words spoken or written or by conduct, represents himself or herself, or consents to another representing him or her to anyone, as a partner in an existing partnership or with one or more persons not actual partners, he or she is liable to any such person to whom such representation has been made, who has, on the faith of such representation, given credit to the actual or apparent partnership and, if he or she has made such representation or consented to its being made in a public manner, he or she is liable to such person, whether the representation has or has not been made or communicated to such person so giving credit by or with the knowledge of the apparent partner making the representation or consenting to its being made, as follows: III. Provision of residential accommodation to the members at reasonable rates is the objective of Explain the contents of Memorandum of Association. Explain the features of global enterprises. Answer: Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organization because of following merits: I. Explain the meaning, features, merits and demerits of cooperative society. 1000 in a court of law. Question 1. Incorporation, The solutions provided here cover all exercises given at the end of the chapter Business Studies. (i) One share one vote (ii) One man one vote With proper guidance and understanding, it may eventually be the stepping stone for individuals who might opt for a professional course of business administration. Different financing options are discussed which ranges from a conventional source of funds, i.e., banks, to that of investors. The Business Studies Class 11 NCERT solution is also sufficient for last-minute revision. (iii) 10. What are the functions of a promoter? (iii) Karta (iv) Manager Brief pointers on the chapters follow: Benefits of NCERT Solutions for Class 11 Business Studies, Chapter wise NCERT Solutions for Class 11 Business Studies, Chapter 2 - Forms of Business Organisation, Chapter 3 - Private, Public and Global Enterprises, Chapter 6 - Social Responsibilities of Business and Business Ethics, CBSE Class 12 Business Studies Question Paper 2017, CBSE Class 12 Business Studies Question Paper 2018, Guidelines for Effective Business Communication, Vedantu Thus, the direct relationship between effort and reward motivates the entrepreneur to manage the business more efficiently and effectively. At LearnCBSE.in, we provide the Class 11 Business Studies NCERT Solutions. Access NCERT Solutions for Class 11 Business Studies. 6. Chapter 1: Nature and Purpose of Business. It is not required to hold a statutory meeting or file a statutory report. It is important for all the students who are in Class 11 currently. A Private company can start its business immediately after its incorporation. It is suitable in areas of (ii) 3. Question 6. Distinguish e-business from traditional business. Also describe briefly different types of cooperative societies. Business Studies Class 11 NCERT PDF download can be done easily through the chapter-wise pdf links provided below. State the important privileges available to a private company. Features: Question 5. A company comes into end only when it is liquidated according to provision of the Companies Act. (i) Grocery store (ii) Medical store State the meaning, nature and importance of business finance. personalized services like beauty parlour, hair cutting saloons and small scale activities like retail shops. Appreciate the role of small business in India. (c) Members (d) Karta The NCERT Solutions for Class 11 Business Studies are important for the students of the same class. It will create more employment opportunities. Choose the type of business in which sole proprietorship is very suitable. Question 1. Ans. It must be kept under the safe custody of authorized director/officer. Students should refer to the NCERT solution for Class 11 Business Studies at the earliest and start practising question-answers. 1200 to A and A owes Rs 1000 to the firm the firm cannot enforce adjustment of ? Question 8. Explain the features of different forms of public enterprises viz. With consistent practice, it would become much easier for students to identify the areas that are not yet fully prepared. Direct motivation: The entrepreneur owns all and risks all. Students will be able to comprehend concepts very easily. (iii) No limit (i v) Two Free downloadable chapter wise NCERT solutions for class 11 Commerce Business Studies in PDF format to help students in homework and score good marks in … All Chapter wise Questions with Solutions to help you to revise complete Syllabus and Score More marks in … (a) Beauty Saloon; Finally, Chapter 11 touches upon some elementary understanding of international business but does not delve into it in further details. (i) Sole proprietorship (ii) Partnership He has unlimited liability and final decision making power. There is no scope for laxity. NCERT Solutions are contemplated as an exceptionally helpful book while preparing for the CBSE Class 11 Business studies examinations. Identify different forms of business organisation. Chapter 1 Nature and Purpose of Business; Chapter 2 Forms of Business Organisation 2. Answer: Sole proprietorship will be more suitable for grocery store, medical store, and internet cafe because: Question 2. The NCERT Class 11 Commerce Business Studies starts with the basic concepts of business and eventually moves on to more complicated topics such as international business. State the role of Chambers of Commerce and industry in the promotion of internal trade. NCERT Solutions for Class 11 Business Studies. All questions have been solved in a step by step manner to you give better understanding of key concepts of Business Studies in NCERT Class 11. (iii) Shareholders (iv) Employees In case of any partition suit, the Karta has to prepare accounts. Enter pincode to get tutors in your city. The main differences between Cooperative Organisation and Company Organisation are given below: Question 6. Question 7. Each of us has within our power the ability to enter into undertakings which could bankrupt our fellow partners. Commencement of business. 6. Membership is open to all, irrespective of their religion, caste and gender. The chapters primarily discuss the varied nature of a business organisation, and students can appreciate how one differs from the other. Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organization. Contents of the Articles of Association (It is not an exhaustive but illustrative list), Answer: Differences between Memorandum of Association and Articles of Association The complex concepts follow eventually, and finally; international trade is discussed. Classify the various sources of business finance. The solutions provided here cover all exercises given at the end of the chapter Business Studies. Download Worksheets for Class 11 Business Studies made for all important topics and is available for free download in pdf, chapter wise assignments or booklet... Free revision notes, brief chapter explanations, chapter summary and mind maps for all important and difficult topics of CBSE Class 11 Business Studies as per... Download NCERT books for Class 11 Business Studies, complete book or each chapter in Business Studies book for Class 11 in pdf. Long Answer Type Questions These solved questions also cover It covers all important theorems, formulas and detailed explanations for Business Studies which will help to build stronger conceptual understanding in students. Explain meaning, features, merits and demerits of Sole Proprietorship. Answer: Sole Proprietorship means a business owned, financed and controlled by a single person who is recipient of all profits and bearer of all risks. The articles define the duties, rights and power of the officer and director of the company. The nature of ownership patterns or holding structure is elucidated in private, public and global enterprises. Procedure for forfeiture and reissue of share. The maximum number of partners allowed in the banking business are:
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