BUSINESS ETHICS Refers to the moral values or standards or norms which govern the activities of a businessman. Ethics define what is right and what is wrong. By ethic we mean the business practices which are desirable from the point of view of Society. The purpose of business ethics is to guide the managers and employees in performing their job. Example of business ethics are charging fair price from customers, giving fair treatment to workers, earning reasonable profits and paying taxes tithe government honestly.

It is not compulsory for partnership firms to get themselves registered. However, it is beneficial to get themselves registered because an unregistered firm has to suffer the following consequences :
1.A partner of an unregistered firm cannot file a suit against any other partner or the firm for enforcing his legal rights.
2.An  unregistered firm cannot file a suit against any third party or partner for enforcing legal rights.
3. Any partner of an unregistered firm cannot claim a set off in a legal proceeding carried on against the firm by a third party for enforcing any legal right.
4. No salary or commission is provided to any of the partners.

Internal Trade :
Internal trade is done within the geographical boundaries of a country. As an example, trade done amongst the traders of Delhi, Mumbai, Chennai, Kanpur and Amritsar etc. is called Internal Trade.

Types of Internal Trade :

(i) Wholesale Trade : It involves purchase and sale of goods in wholesale quantities. Large quantities of goods purchased from manufacturer are sold in small quantities to various retailers.

(ii) Retail : It involves the sale of goods to consumers by the retailers. A retailer buys the goods from a wholesaler and sells them to customers in their required quantities. It is a link between a wholesaler and consumer. Different types of goods are available at a retailer shop so that a customer could buy the goods of his own choice.

Internal trade can also be classified as : (a) Local Trade, (b) State Trade, (c) Inter-State Trade.

 

External Trade : 
Whenever trade occurs between two countries, it is known as external trade. In foreign trade, both buyer and seller live in different countries. If Reliance Ltd. sells Polyester Yarn to a French firm or L&T Ltd. purchases a heavy machine from a Swiss firm, these would classified as external trade.

Types of External Trade :

1. Import Trade : When the trader of one country buys the goods from foreign countries, it is known as import trade for the trader who buys the goods.

2. Export Trade : When the trader of a country sells goods to a foreign country, it is known as export trade for the trade who sells the goods e.g., if a tea firm of Darjeeling sells tea to U.K., it is export trade.

3. Entrepot Trade : The goods imported from one country for export to another country, is known as entrepot trade. It is also known as Re-export. It is done when a country does not have her own seaport or not having good political relations with other countries or no direct access to those countries from where goods are to be imported.

Okay

Synthetic industry : In this industry, two or more materials are mixed together to create a new product. For example, producing soap, biscuits, etc.

It will not affect

 Perpetual Succession Company is a legal entity separate of its owners or members. It can be brought to an end only by law as it is created by the law. It will only cease to exist when a specific procedure for its closure, called winding up, is completed. Members may come and go, but the company continues to exist through consecutive succession of old members by new members on a continuous basis. We can say that ‘perpetual succession’ implies permanent existence which is not affected by death, retirement insolvency of members.

Company form of business organisation suffers from the following limitations : 1.Complexity in formation : The formation of a company is a very time consuming, expensive and complex process. It involves a lot of documentation, legal formalities, etc. 2.Lack of secrecy : The Companies Act has made it compulsory for a public company to provide a lot of information to the public as well as to the office of the Registrar of Companies from time to time. This makes it difficult for the company to maintain secrecy about its operations. 3.Impersonal work environment:Separation of ownership and management results in lack of motivation. Officers of the company may not take sufficient initiatives and personal efforts for the betterment of the company. Due to the large size of a company, it is very difficult for the top management to maintain personal contact with the employees, customers and creditors.

Company form of business organisation suffers from the following limitations :
1.Complexity in formation : The formation of a company is a very time consuming, expensive and complex process. It involves a lot of documentation, legal formalities, etc.
2.Lack of secrecy : The Companies Act has made it compulsory for a public company to provide a lot of information to the public as well as to the office of the Registrar of Companies from time to time. This makes it difficult for the company to maintain secrecy about its operations.
3.Impersonal work environment:Separation of ownership and management results in lack of motivation. Officers of the company may not take sufficient initiatives and personal efforts for the betterment of the company. Due to the large size of a company, it is very difficult for the top management to maintain personal contact with the employees, customers and creditors.

Employment

Professional

The leader of the Jacobin club was Maximilian Robespierre.

The Jacobins or the society of the Friends of the Constitution was the most famous and influential club prior to the French Revolution. 

The Jacobin gots its name from the former convent of St Jacob in Paris. 

It became an important rallying point for people who wished to discuss government policies and plan their own forms of action.

The member of Jacobin club belonged mainly to the less wealthy society which included small shopkeepers, printers, artisans like shoe-makers, watch-makers, servants, daily- wage workers, party cooks etc.

1. Economic responsibility : Basically, a business enterprise is an economic institution. Therefore, its primary responsibility is to produce the goods and services according to the demands of the society and to earn profit.
2. Legal responsibility : The responsibility of every business is to carry out business activities within the laws of the country. Since these laws are meant for the good of the society, a law abiding enterprise is a socially responsible enterprise as well.
3. Ethical responsibility: This refers to the behaviour of the firm expected by the society but not defined by law. For example, respecting the dignity of employees etc.
4. Discretionary responsibility: These obligations are assumed by the enterprises voluntarily. For example: Donation to charitable institutions, helping the affected people during floods, earthquakes, etc. The management of the company is responsible to safeguard the capital investment by avoiding speculative activities and investing the money in healthy business ventures to get good returns.

The limitations of electronic mode of doing business are given below: 

Low personal Touch: It lacks the warmth of interpersonal interactions. Therefore, such products which need personal touch like beauty products, garments, fashion accessories etc. can’t be traded through e-business. 

Mismatch between order giving/taking speed and order fulfillment speed: Sometimes websites take a long time to open which may frustrate the user. Even after giving or taking order, it takes enough time to give physical delivery of goods. It also plays on the patience of the customer. 

Knowledge of technology is must: For e-commerce both the parties need fairly high degree of familiarity with the world of computers. It divides the society into two parts i.e; one who are familiar with digital technology and other who are not. 

Increased risk due to parties being unknown to each other: When two parties are involved in e-business, they are unaware of personal identities of each other. They do not even know the locations of the parties involved. It makes e-business risky. There may also be problems of virus and hacking. 

People Resistance: People are resistant to change their ways and adopt new technology. Change is perceived as a source of stress and insecurity by many. 

Ethical Concerns: These days companies use an electronic eye to keep track of the websites being used by employees, computer files that they use, their e-mal accounts etc. It is not ethical. But in spite of these limitations, e-business is the way. No, these limitations are not severe enough to restrict its scope. 

Improvement in Information Technology: With the improvement in information technology and emergence of internet the process of outsourcing and e-business is on an expansionary path. Anti virus and improved security measures are increasing to make e-business more secure and safer option. 

More and more Interactive Websites: Websites are becoming more and more interactive. It is removing the problem of ‘low personal touch’. 

Improvement in Communication Technology: Communication technology is continually evolving and increasing the speed and quality of communication through internet so that customer does not get frustrated in processing the order. 

Diffusion of E-Commerce in all nooks and corners of the country: An order to diffuse ecommerce in all nooks and corners, India has undertaken about 150 such projects. It is increasing the number of people acquainted with digital technology. We can conclude that e-business will continue to stay and reshape the businesses, governance and economies.

Read more on Sarthaks.com - https://www.sarthaks.com/100287/discuss-limitations-electronic-business-these-limitations-severe-enough-restrict-scope

The new Companies Act 2013 has prescribed the maximum number of members in case of a partnership firm should not be more than 100 in case of partnerships. As per the previous Companies Act 1956, the maximum limit in case of partnerships was 10 and 20 for banking business and other businesses respectively.

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BUSINESS STUDIES DELETED TOPICS FROM SYLLABUS...

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(1) Profession is an economic activity that requires special knowledge and skill to be applied by
individuals for earning their living.
(2) Individuals engaged in professions are known as
professionals.
(3) These professionals have to follow the guidelines or codes of conduct laid down by professional bodies.
(4) For example, doctors are professionals engaged in the medical profession and have to follow the codes of conduct laid down by the Medical Council of India.

Warehousing

Warehousing

Welfare of employees (SOCIAL OBJECTIVE)...

Market standing(ECONOMIC OBJECTIVE)....

It's an economic objective i.e. Market standing...

Industry which is near mounuments can effect them even taj mahal the colour is put white but now it's very very yellowish Explanation: (I) no they won't they destroy (ii) as I said in answer it can effet the monuments so I know this only please if it's wrong sorry