After the insured is compensated for the loss or damage to the property in\u00adsured, the right of ownership of such property passes on to the insurer. \n \n<\/span><\/p>\nAnswer 14. \nOutsourcing \nBPO (Business Process Outsourcing) is a system of getting business task accom\u00adplished through an outside agency. Eg, transportation of raw materials into the fac\u00adtory may be entrusted to a transport com\u00adpany. \n <\/p>\n
Answer 15. \nA mate receipt issued by the commanding officer of the ship when the cargo is loaded on board, and contains the information about the name of the vessel, birth, date of shipment, description of packages, make and numbers, a condition of the cargo at the time of receipt on boar the ship, etc. \n <\/p>\n
Answer 16. \nSupply of right quality and quality of goods and services to consume are reasonable prices. \n \n(b) They have the right of information about the product, price, the company etc. \n <\/p>\n
Answer 17. \nBusiness ethics and social responsibilities are closely related. When a business is ethical, it naturally meets its social responsibilities. It is doing justice to all concerned and protecting the business value system. As a socially responsible organization, a business has to follow ethical values towards employees, consumers, government, society etc. Thus social responsibility and business ethics are the two sides of the same coin. \n <\/p>\n
Answer 18. \n <\/p>\n
Answer 19. \na. Cash on Delivery here the payment is made at the time of physical delivery of goods. \n <\/p>\n
b. Cheque here cheque is received and upon realization, the delivery of goods is made. \n <\/p>\n
C. Net-banking transfer modern banking system provides the facility of electronic transfer of funds over the net to the customers. \n <\/p>\n
Answer 20. \na. Professional promoters \n \nThey promote a company and hand it over to the shareholders. \n <\/p>\n
b. Occasional promoters \n \nThey do promotional work as part of their business. \n <\/p>\n
C. Entrepreneur promoter \n \nThey are promoters who conceive the idea of the business enterprise, perform professional activities and finally become part of management. \n <\/p>\n
Answer 21. \nGlobal Depository Receipts (GDR\u2019s) \n \nIt is a negotiable instrument issued abroad by an Indian company to rais funds in foreign currency and it is traded on a foreign stock exchange. The local currency shares of a company delivered to depository bank the rafter depository bank issue depository receipts against these shares. Such depository receipts denominated in US dollars are known as GDRs. The holder of GDR can at any time convert it into number of shares it represents. They are entitled to dividend but do not carry any voting rights. \n <\/p>\n
Answer 22. \nPayment at the time of delivery – Cash on delivery \nExists in the space – Digital cash \nPlastic Money – Credit\/Debit card \nOut Sourcing – Non core activities<\/p>\n
Answer 23. \nPloughing back of profit is also known as retained earnings. A portion of net earnings which are not distributed to shareholders but are retained in the business for use in the future, known as retained earnings \n \nMerits \n <\/strong> \nIt is a permanent source of funds available to an organization. \n <\/p>\n\nNo cost in the form of interest, dividend. \n <\/li>\n Greater degree of operational freedom and flexibility \n <\/li>\n It may lead to increase in the market price of the equity shares of a company. \n <\/li>\n<\/ul>\nDemerits<\/strong><\/p>\n\nIt may cause dissatisfaction, among the shareholders as they would get a lower dividend. \n <\/li>\n It is an uncertain source of funds as the profits of a business are fluctuating, \n <\/li>\n It may attract government regulation. \n <\/li>\n<\/ul>\nAnswer 24. \na. Sole proprietorship \nb. Co-Operative Societies \nc. Joint Stock Company \nd. Partnership<\/p>\n
Answer 25. \n1. Obtaining importer\u2019s, exporters code (IEC) Number \n \nImporters exporters code number should be obtained first. This number should be shown in all export-import documents. Regional Import-Export Licensing Authority issues this number when applied for in the prescribed form. \n <\/p>\n
2. Obtaining registration-cum-membership certificate (RCMC) \n \nThis certificate is issued by the Export Promotion Council \/ Commodity Boards \/ Federation of Indians Export Organisation \/ Marine Products Export Development Agency etc. This is needed to obtain facilities, benefits or concessions offered under the Export-Import policy (EXIM Policy). Application in the prescribed form along with the IEC should be submitted for obtaining this certificate. \n <\/p>\n
3. Market Research : \nThe exporter tries to explore foreign markets by conducting surveys and market research to produce export order. \n <\/p>\n
4. Receiving and confirming the export order \n \nAfter receiving the export order the exporter gives the confirmation to the importer after careful scrutiny. \n <\/p>\n
5. Manufacturing Goods : \nThe exporter then manufactures or procures the goods required by the importer. He should adhere to the specifications given by the importer of goods. \n <\/p>\n
Answer 26. \n \n \n <\/p>\n
Answer 27. \n1. Merchandise exports and imports \n \nMerchandise means goods which are tangible, i.e., those that can be seen and touched. Merchandise exports and imports involve tangible goods and exclude services (intangibles). \n <\/p>\n
2. Service exports and imports \n \nBy service exports and imports we mean trade in intangibles, i.e., those that cannot be seen or touched. Because of this intangible nature, trade in services is also known as invisible trade. \n \n <\/p>\n
3. Licensing and franchising \nPermitting a person\/ firm in a foreign country to produce and sell goods under your trademarks, patents or copyrights for a fee is another way of operating an international business. Franchising is somewhat similar to licensing with the difference that it is connected with the provision of services. \n <\/p>\n
4. Foreign investments \nForeign investments mean investment abroad in exchange for financial return. Foreign investments can be Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) \n <\/p>\n
Answer 28. \nInsurance \n \nInsurance is an agreement between two parties whereby one party undertakes, in exchange for a consideration, to pay the other party an agreed sum of money to compensate the loss, damage or injury caused as a result of some unforeseen events. \n \n <\/p>\n
A fundamental principle of insurance \n \nThe basic principle of insurance is that an individual or business concern chooses to spend a definitely huge amount involved in an indefinite future. \n <\/p>\n
Principles of insurance \n \n1. Utmost good faith \n \nBoth the insurer and the insured should display good faith towards each other in ..regard to the contract. \n <\/p>\n
2. Insurable interest \n \nThe insured should have an insurable interest in the subject matter of insurance. \n <\/p>\n
3. Indemnity \n \nAll the insurance contract except life insurance are a contract of indemnity. \n <\/p>\n
4. Proximate causes \n \nWhen the loss is the result of two or more causes, the proximate cause for the loss alone will be considered by the insurance company for admitting the claim, \n \n <\/p>\n
5. Subrogation \n \nAfter the insured is compensated for the loss or damage to the property insured, the right of ownership of such property passes on to the insurer. \n <\/p>\n
6. Contribution \nIf the same property is insured with one or more insurer, in case, there is a loss, the insured have no right to recover more than the full amount of his actual loss. The insurers together have to share the losses. \n <\/p>\n
7. Mitigation \n \nThis principle states that it is the duty of the insured to take reasonable steps to minimize the loss to the insured property. \n <\/p>\n
Answer 29. \nCauses Of Pollution \n \nIt must be recognized that all sectors of our society, industry, government, agriculture, mining, energy, transportation, construction, and consumers generate waste. Wastes contain pollutant which are the materials of chemicals that have been discarded during the process of production or consumption. \n <\/p>\n
1. Air Pollution \n \nAir pollution is the result of a combination of factors which lowers the air quality. It is mainly due to carbon monoxide emitted by automobiles which contribute to air pollution. \n <\/p>\n
2. Water Pollution \nWater becomes polluted primarily from chemical and waste dumping. For years business enterprises have been dumping waste into rivers. Streams and lakes with little regard for the consequences. \n <\/p>\n
3. Land pollution \n \nDumping of toxic waste on land causes- land pollution. This damages the quality of land making it unfit for agriculture or plantation. Resting the quality of the land that has already been damaged is a big problem. \n <\/p>\n
4. Noise Pollution \n \nNoise caused by the running of factories and vehicles is not merely a source of annoyance but is also a serious health hazard. Noise pollution can be responsible for many diseases like loss of heaping malfunctioning of the heart and meant cal disorder. \n <\/p>\n
Answer 30. \ne-Banking \n \ne-banking is electronic banking or banking using electronic media, e-banking is a service provided bank that allows a customer to conduct t ranking transactions such as checking accounts, applying for loans, or paying b; ills over the internet using a personal computer or mobile phone, e-banking indulge the following services. \n \nBenefits \n <\/p>\n
\ne-banking provides 24 hours, 365 days a year services to the customers of the bank \n \n <\/li>\n It lowers the transaction cost. \n <\/li>\n Customers can make the transactions from the office., home or while traveling. \n <\/li>\n Greater customer satisfaction. \n <\/li>\n e-banking, provides a competitive advantage to the bank. \n <\/li>\n<\/ol>\nAnswer 31. \nJoint Stock Company \nA company is an artificial person having a separate legal entity, perpetual succession, and a Common seal. The capital of the Company is divided into smaller parts called shares which can be transferred freely. The share holder; are the owners of the company. Boar of directors is the managing body elected by share holders.<\/p>\n
Merits \n \n<\/strong>a. Limited liability \n \nThe shareholders are liable to the extent amount unpaid on the shares held, by them. \n <\/p>\nb. transfer of interest \n \nShares of a public company is freely transferable. \n <\/p>\n
c. Perpetual existence \n \nA company will continue to exist even if all the members die. A company being a creation of the law, can be brought to an end only by law. \n <\/p>\n
d. Scope of expansion \n \nA company has large financial Thus there is a greater scope of expansion \n <\/p>\n
e. Professional management \n \nA company can afford to pay higher salaries to specialists and professionals. This leads to balanced decision making and efficiency in the company\u2019s operation. \n <\/p>\n
Limitations \n \na. Complexity information \n \nIts formation requires greater time.<\/p>\n
b. Lack of secrecy \n \nSince the company requires to publish audited accounts and reports, it is difficult to maintain secrecy about the operation of the company. \n <\/p>\n
c. Impersonal work environment \nIt is difficult for owners and management to maintain personal contact with employees, customers, and creditors. \n <\/p>\n
d. Numerous regulations \n \nThe functioning of a company is subject to many legal provisions and compulsion. \n <\/p>\n
e. Delay in decision making \n \nIt takes an important decision by holding a meeting. So it takes much time. \n <\/p>\n
f. Oligarchic management the board of directors enjoys considerable freedom in exercising their power which they sometimes ignore the interest of shareholders.<\/p>\n
g. Conflicts in interest, there may be conflicts of interest among various stakeholders of the com, pan and it affects the smooth functioning of the company.<\/p>\n
Answer 32. \nBusiness Ethics \nEthics is the belief is what is right proper and just. It is to the socially determined moral principle which should give business activities. Business is the code of conduct followed and performed by the businessmen. Ethical business is good business. Ethical business behavior improves public image, earn peoples confidence and trust, and leads to greater success. \n <\/p>\n
The concept of Business Ethics \n \nThe word ethics\u2019 has its origin in the Greek word ethics\u2019 meaning character norms, ideals, or morals prevailing in a group or society. Ethics may be viewed as the entire body of moral values that society attaches to the actions of human beings. Ethics can also refer to codes or another system for controlling means so that they serve human ends. \n <\/p>\n
Elements of Business Ethics Since ethical business behavior is good for both the business enterprise and society it makes sense to discuss how the enterprises can faster ethics in their day-to-day working. \n <\/p>\n
1. Top management commitment \n \nTop management must give continuous leadership for developing and upholding the values of the organization. \n2. Publication of a codes \n \nThe enterprise must develop a code containing a definite ethical programme. This generally covers areas such as honesty and adherence to laws, product safety and quality health and safety in the workplace and financial reporting. \n \n <\/p>\n
3. Establishment of compliance mechanisms \n <\/p>\n
Answer 33. \nEquity shares \nThe money raised by equity shares is called equity share capital. It represents the ownership of a company. Equity shareholders do not enjoy preferential right in the matter of the claim of dividend or repayment of capital. They do not get a fixed dividend. They have the right to vote, \n <\/p>\n
Merit \n <\/strong> \na. It is suitable for investors who are willing to assume the risk for higher returns \n \nb. Payment dividend is not compulsory \n \nc. It serves as permanent capital as it is to be repaid only at the liquidation of a com- \n \nd. Equity shares do not create any charge on the assets of the company. \n \ne. They have the right to vote and participate in the management. \n <\/p>\nDemerit \n <\/strong> \na. Not attractive to investors who prefer safety and fixed income. \n \nb. An issue of additional equity shares dilutes the voting power and earning of existing equity shareholders. \n \nc. The cost of issue of equity shares is generally more as compared to the cost of raising funds through other sources. \n \nd. It involves more formalities and procedural delays. \n <\/p>\nWe hope the Plus One Business Studies Model Question Papers Paper 2 help you. If you have any query regarding Plus One Business Studies Model Question Papers Paper 2, drop a comment below and we will get back to you at the earliest.<\/p>\n","protected":false},"excerpt":{"rendered":"
Plus One Business Studies Model Question Papers Paper 2 are part of Plus One Business Studies Previous Year Question Papers and Answers. Here we have given Plus One Business Studies Model Question Papers Paper 2. Board SCERT Class Plus One Subject English Category Plus One Previous Year Question Papers Plus One Business Studies Model Question […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[42728],"tags":[],"yoast_head":"\n
Plus One Business Studies Model Question Papers Paper 2 - A Plus Topper<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n