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  • 1 answers

Kartikey Verma 4 years, 9 months ago

Arguments for social responsibility 1. Business is a part of society. 2. Long term self interest of business. 3. Moral justification. 4. Creating better public image. 5. Avoidance of government. regulations. 6. Maintenance of society. Arguments against social responsibility 1. Contrary to basic function of business. 2. Conflict with profit motive. 3. Distortion in resource allocation. 4. Imposition of business values. 5. Inefficiency in the system.
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Purnima Verma 4 years, 9 months ago

Indemnity , subrogation, mitigation, utmost good faith , insurable interest, contribution
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Purnima Verma 4 years, 9 months ago

It is an agreement in which the one party is agreed to pay the amount for the loss he bear.

Vaidehi Hammed 4 years, 9 months ago

Ans. An arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs if, for example, you die or are ill, or if you lose or damage something.
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Aditya Maheshwari 4 years, 9 months ago

Arguments against Social Responsibilities of Business 1. Businessman should mind his Business: The only business of a devoted businessman is to do his business efficiently. He should concentrate only in his line of business. He should not get involved in the social matters. If his attention is diverted into social problems, the survival of his business unit itself shall become a question. 2. Burden of Additional Costs: The businessman should confine his activities to his business only. Any assumption beyond the economic necessities and legal obligations or stipulation would mean some additional costs. 3. Lack of Competence: The outlook of business managers is primarily economic and technological. They are not trained nor they do have possessed the requisite skills or resources to determine which project is socially desirable and needs support. Hence, if their judgment fails, the amount spent on such projects shall become a waste. 4. Dilution of the Principal Purpose: Improving economic productivity and maximizing profitability are the twin basic objectives of any business enterprise. Diversion of business interests into social actions shall amount to over looking of these two objectives. Failure to fulfill this basic mission will lead to a failure of the business both in its economic and social roles. 5. Business should not be given too Much Power: Social action programmes should be left to the Government and other Social Welfare Organizations. If business were given a chance to involve itself in such programmes also, it would lead to excessive concentration of power. 6. Deterioration of Free Enterprise Economy: Assumption of unrelated social responsibilities shall lead to the deterioration of the free enterprise economy. In a free enterprise economy, there can be or should be one and only social responsibility of business to use its resources and engage in only those activities which can increase the profits of the business enterprise. 7. Lack of Accountability: Responsibility and accountability should go together. There is no means or mechanism to ensure accountability from business to public. Hence in the absence of any mechanism, it is meaningless to talk about responsibility to the society. Such a proposition is not logical also.
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Aditya Maheshwari 4 years, 9 months ago

Trade + Aids to Trade
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Kartikey Verma 4 years, 9 months ago

Business risk is defined as uncertainties or unexpected events, which are beyond control. In simple words we can say that business risk means a chance of incurring losses or less profit than expected. These factors cannot be control by the businessmen and these can result in a decline profit or lead to a loss.

Vaidehi Hammed 4 years, 9 months ago

Ans. The term business risks refers to the possibility of a commercial business making inadequate profits due to uncertainties - for example: changes in tastes, changing preferences of consumers, strikes, increased competition, changes in government policy, obsolescence etc.

Aditya Maheshwari 4 years, 9 months ago

Business risk refers to probability of losses due to unforeseen circumstances and events.

Muskan Singh 4 years, 9 months ago

Chances of inadequate profit and loss due to any cause is defined as business risk

Alok Yadav 4 years, 9 months ago

Business Risk refers to tha inadequate PROFIT or LOSS.
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Vaidehi Hammed 4 years, 9 months ago

Ans. Trade refers to buying and selling of goods and services with the objective of earning profit. Trade which takes place within a country is called internal trade. Trade between two or more countries, on the other hand, is called external trade.

Aditya Maheshwari 4 years, 9 months ago

Internal trade refers to buying and selling of goods or services within the geographical boundaries of a country.

Muskan Singh 4 years, 9 months ago

The trade which takes place within the geographical limits of the country is called internal trade

Alok Yadav 4 years, 9 months ago

Internal trade refers to the trade in which Trade takes place under the geographical limits.

Shashwat Paliwal 4 years, 9 months ago

The trade within the boundaries of a country are known as internal trade. In this trade goods are sold and purchased inside the country
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Aditya Maheshwari 4 years, 9 months ago

1 JANUARY 1995
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Vaidehi Hammed 4 years, 9 months ago

Ans. A company whose stock is owned jointly by the shareholders.

Aditya Maheshwari 4 years, 9 months ago

It is an artificial person having separate legal entity , perpetual succession and common seal.

Muskan Singh 4 years, 9 months ago

Joint stock company is an organisation which invites capital from public and they work with main motive of earning profit
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Vaidehi Hammed 4 years, 9 months ago

Ans. Hindu Undivided Family (HUF) consists of all persons directly descended from a common ancestor, and also the wives and daughters of the male descendants. The Hindu Undivided Family is treated as a 'person' under section 2(31) of the Income-tax Act, 1961, for the purpose of assessment under the Act.

Muskan Singh 4 years, 9 months ago

The family which has some ancestral property can start their business with eldest member being karta and rest of others as coparceners is called HUF its governed by hindu succession act of 1956

Palak Singh 4 years, 9 months ago

It is governed by Hindu succession act,1956. It has easy formation n closure. Membership is by taking birth in the family. Ancestral property should be inherited by karta and co-parcener
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Muskan Singh 4 years, 9 months ago

Public depostits
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Vaidehi Hammed 4 years, 9 months ago

Ans. Formation of a Company is a procedure of incorporation of a company. It includes various factors and legal documents for the purpose of incorporation. At the time of establishment, there are two documents play a very important role. Those documents are Memorandum of Association (MoA) and Articles of Association (AoA).

Malia Vg 4 years, 9 months ago

THAT IS DELETED FROM THE SYLLABUS
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Vishal Singh 4 years, 9 months ago

Dur se dekha to i phone tha pas jake deka samsung ka clone tha
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Muskan Singh 4 years, 9 months ago

No regular basis is missing

Alok Yadav 4 years, 9 months ago

No. Because Economic activity refers to in which Such type of activities like Selling, exchanging,etc. Takes place in Regular basis.
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Aditya Maheshwari 4 years, 9 months ago

Risk is an essential part of every business.

Palak Singh 4 years, 9 months ago

Risk is essential in every business

Harshi Singla 4 years, 9 months ago

Business risk is anavoidable
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Vaidehi Hammed 4 years, 9 months ago

As blood is important for body of living beings, similarly finance is important forbusiness to survive. Meet its day-to-day required i.e. for purchasing assets short-term and long-term, for its working capital etc.Thus, it is known as life blood of the business.

Udayraj Joshi 4 years, 9 months ago

Business Finance is the life blood of an organization because it is the money which is required to start, daily operations, upgradation and expansion of business. It involves identifying the source of business finance (Debts {Temp. Capital} or Equity {Permanent Capital}) at minimum cost and taking investment  decisions (Fixed Capital {Long Term} & Working Capital {Day to day operations}) with minimum risk and highest returns (profits).

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Divyanshi Kesherwani 4 years, 9 months ago

ask it to your teacher
  • 1 answers

Sia ? 4 years, 4 months ago

Commerce is an organized system for the exchange of goods between the members of the industrial world." "Commerce is that part of business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly facilitate that exchange."

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Sia ? 4 years, 8 months ago

Ladmark Ltd. is going to expand its productivity capacity by puchasing latest technology. So, the company should use its retained earnings for this situation. In case retained eaenings is not sufficient for puchasing the technology, it can issue shares.
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Sajal Garg 4 years, 10 months ago

No, in this online era, everyone will get pass. Don't worry

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