Professional Documents
Culture Documents
Q.1
(A) Fill in the blanks.
1. The Karata in joint Hindu family business has unlimited liability.
2. Perishable goods are stored in cold storage warehouse.
3. The process of contracting a business function to someone else is called as outsourcing.
4. Businessmen are members of the society.
5. Government has established Lok Adalat to settle consumers ‘disputes by compromise.
6. The maximum number of partners for a firm carrying on banking business is 10. 7. Door‐to‐door service is
offered by road transport 8. Business organization is a part of society.
9. In modern competitive market consumer is regarded as king
10. Planning is basic function.
11. Indian partnership act was passed in the year 1932 12. In Indian railways are on and manage by government.
13. Staffing is concerned with human factor.
14. Business man are Trustees of the society.
15. National commission has 4 members in addition to the chairman.
16. Overdraft facility is given to current account.
17. In e‐business payments have to be made online
18. Ultimate goal of business must be satisfaction of consumers 19. A sole trading concern ensures maximum
business secrecy 20. For online transaction registration is required.
21. Credit or debit cards are popularly known as plastic money
22. To make timely payment of proper taxes is the responsibility of organization towards the government.
23. Under the consumer protection act 1986, there is a three – tier quasi‐judicial consumer dispute redressal
machinery for solving the complaints of the consumers.
24. An electronic facility of transferring funds through the internet is called net banking transfer
25. Business organization part of society.
26. The high court judge is the president of state commission
27. according to the principle of equity all employees should be given fair treatment.
28.the maximum number of members in a private company are 50
29. the principle of indemnity is not applicable to life insurance
30. for online transaction registration is required
Regards: Noor Shaikh
: 9699597228 ORGANIZATION OF COMMERCE & MANAGEMNET Digit Educations
Organization of Commerce & Management
31. to maintain industrial peace is the responsibility of business organization towards employees 32. F.W. Taylor is
called as the father of scientific management.
(B) Match the Following.
1. Private company • Maximum 50 members
2. Principle of unity of command • One man one boss
3. Planning • Basic function
4. ATM • 24 hours service
5. Road transport • The cheapest means of transport
6. Sole trader • To earn profit
7. Life insurance • Principle of indemnity
8. Business ethics • Branch of social science
9. Henry Fayol • Father of modern management
10. Planning • Primary function of management
11. Public company • Unlimited members
12. Controlling • Corrective action taking
13. Reserve bank of India (RBI) • Central bank
14. Fixed deposit account • Withdrawal after fixed period of time
15. Overdraft • Current account
•
16. Consumer protection act • 1986
17. Commend seal • Joint stock company
18. Bonded warehouses • Located within the ports
19. B 2 C • Business to consumer
20. Mumbai Grahak panchayat • Non‐government organization working for
consumers
Regards: Noor Shaikh
: 9699597228 ORGANIZATION OF COMMERCE & MANAGEMNET Digit Educations
Organization of Commerce & Management
26. Staffing • Right people to right jobs
27. District judge • President of district forum
28. E business • Electronics business
(C) One Word.
1. A partner who gives his name to a partnership firm. Nominal partner
2. Getting products of better quality is the basic right of this group of society. Consumer
3. A consumer dispute redressal agency that handles claims up to rupees twenty lakhs. District forum
4. The principle of management which advocates that works should be divided into small sub‐ parts. Division of
work
5. One of the function of the management is considered as a base for al function. Planning
6. ‘one man shows ‘type of business organization. Sole trader
7. A bank which is known as banker’s bank. Central bank
8. Name the modern process of controlling a business to someone else. Outsourcing
9. Name the employees organization protecting their rights. Trade union
10. Principle of management that says that any work should be divided into small parts. Principle of division of
work
11. The senior most family member of a Joint Hindu Family firm. Karta
12. Getting good quality products is the basic right of this group of society. Consumers and customers
13. A consumer disputes redressal forum working at state level. State commission
14. Father of modern management. Henry Fayol
15. A function of management directly related to human being. Staffing
16. A partner who gives only his name to the partnership firm. Nominal partner
17. The term derived from the terms e‐mail and e‐commerce. E‐business
18. The right of consumer which allows him to express his views. Right to be heard or right to representation
19. The principle of management explaining about fair payment to workers. Fair remuneration
20.The form of electronic currency that exist only in cyberspace. Digital cash/ digital currency/ electronic cash
21. The type of commercial organization established for providing services to its members. Partnership firm & joint
stock company.
Regards: Noor Shaikh
: 9699597228 ORGANIZATION OF COMMERCE & MANAGEMNET Digit Educations