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World Trade Organisation (WTO) The world trade organisation is the only global international organisation which deals with the rules and regulations of trade between different nations.

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A prospectus is issued by

Posted by Game Changer 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Aahuti Dodiya 6 years, 9 months ago

A prospectus is a document issued by a company that provides comprehensive information about this company.

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Give any one difference between ethixs and law???

Posted by Ashish Ashishsarda 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Yogita Ingle 6 years, 9 months ago

Laws are generally passed to keep a check on unethical practices. They are the results of social pressures. When society considers a practice , unethical, it may exercise its influence to get that practice declared illegal. Ethics may be defined as the socially accepted standards of moral conduct, They constitute a set of principles or rules governing j behaviour. All the ethics cannot be given the shape of law, so ethics are broader than law.

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What is import procedure

Posted by Hrishav Bartwal 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Gaurav Seth 6 years, 9 months ago

mport procedure :

Obtaining I.E.C. No. : Before starting the import procedure, the importer has to obtain an I.E.C. (Import-Export Code) number. This number is used in filling the formalities of import procedure, To get this number, the importer has to apply to 1 the regional Import-Export Licensing Authority in the prescribed form.
Obtaining Registration Cum Membership Certificate (RCMC): Importers get various benefits in the form of subsidies and exemption in excise duty, tax, etc. To get these benefits, they have to show RCMC. After getting the I.E.C. number, the importer applies for RCMC. The RCMC is issued by:
(i) Import Promotion Council.
(ii) Federation of Indian Import Organisation.
(iii) Import Development Authority, etc.
Along with the application, the importer has to submit a bank certificate and IEC number. If the authority is satisfied, then they will issue RCMC.
Opening a letter of credit: better of credit is issued by the importer’s bank in favour of the exporter. In this letter, the bank undertakes guarantee for making payment on behalf of the importer. The importer approaches his bank and instructs the j bank to issue a letter of credit in favour of the exporter. The importer also instructs the bank about the documents to be collected from exporter before making payment.
Arrival of goods : Goods are shipped by the exporter as per the specifications of the importer. When goods reach the importer’s country, the captain of the ship informs the dock officer and instructs him to receive the goods and record the details about the goods on the document called
’ import general manifest. This document gives details of about imported goods.
Informing importer : After the arrival of goods, the dock authorities inform the importer about the arrival of goods. The importer prepares a document called bill of entry which contains details about the imported goods and submits this document to the customs officer to get customs clearance.
Customs clearance : The customs officer examines the bill of entry carefully and assesses the custom duty to be paid by the importer and after assessing the duty amount, the bill of entry is given to the appraiser officer who verifies the details given in the bill. If the appraiser officer is satisfied with the information given in bill of entry, then he returns the bill to the importer for making payment of custom duty

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State any three situations where in government company is the most suitable form of organising public Enterprise????

Posted by Minakshi Solanki 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Gaurav Seth 6 years, 9 months ago

The government company is a suitable form of organisation where
(i) Government wants to control a company in the private sector without nationalisation.
(ii) Government wants to go for a collaboration with private enterprise.
(iii) The projects require government planning and funds.
(iv) The government wishes to promote and develop a field of economic activities in the public sector.

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Explain briefly any three characteristics of business?

Posted by Akshat Mishra 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Ritesh Patel 6 years, 9 months ago

: (i) an economic activity. (ii) production or procurement of goods and services. (iii) sale or exchange of goods and services for the satisfaction of human needs. (iv) dealings in goods and services on a regular basis. (v) profit earning. (vi) uncertainty of return. (vii) element of risk.

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Which type of Organisation has a disadvantage namely 'No benefit to poor people'?

Posted by Shruti Gupta 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Thomas Cook Ltd. is an organisation which provides packages to tourists for different places around the globe. Which kind of business is it doing?

Posted by Shruti Gupta 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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What do you mean by vending machine ?

Posted by Aryan Khosla 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Shruti Gupta 6 years, 9 months ago

A vending machine is a new form of direct retailing. It is a machine operated by coins or tokens. The buyer inserts a token in the machine and receives a specific quantity of product from the machine.

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State the meaning of hundi

Posted by Muskan Noor 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Shaina Rajput 6 years, 9 months ago

A Hundi is a financial instrument that developed in Medieval India for use in trade and credit transactions

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What is BPO in simple words?

Posted by Sidhant Vyas 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Komal Kumari 6 years, 9 months ago

Business process outsourcing is distributed business task to outside agencies or firm which wasting time for the business enterprise.

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Vanshika Saini 6 years, 9 months ago

It is buisness task which one got from forgein agencies . They give employment to the people in small jobes and they themselves concentrate on critical issues

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Note on start up india scheme

Posted by Inderpal Singh 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Yaser Siddiquee 6 years, 9 months ago

It refers to the government scheme under which financial and other assistance is provide the young entreprrneur in the order to convert the inisiative to be taken by them.

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What is business ethics ?

Posted by Girish Panjwani 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Girish Panjwani 6 years, 9 months ago

Thanks Aahuti Dodiya

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Aahuti Dodiya 6 years, 9 months ago

Business ethics refers to the set of moral values or standards or norms which govern the activities of a business. Ethics define what is right and what is wrong. It involves critical analysis of human acts to determine whether these are right or wrong.

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five advantages of joint vanture

Posted by Birma Singh 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Inderpal Singh 6 years, 9 months ago

1.Reduces competition 2.Reduces risk 3.Advanced technology 4.Large capital 5.Reduction in cost

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Any type of case study question

Posted by Yogita Vyas 5 years, 8 months ago

CBSE > Class 11 > Business Studies

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What difference between MOA and AOA in short ?

Posted by Manav Rathod 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Gaurav Seth 6 years, 9 months ago

<th>BASIS FOR COMPARISON</th> <th>MEMORANDUM OF ASSOCIATION</th> <th>ARTICLES OF ASSOCIATION</th>

Meaning	Memorandum of Association is a document that contains all the fundamental information which are required for the incorporation of the company.	Articles of Association is a document containing all the rules and regulations that governs the company.
Defined in	Section 2 (56)	Section 2 (5)
Type of Information contained	Powers and objects of the company.	Rules of the company.
Status	It is subordinate to the Companies Act.	It is subordinate to the memorandum.
Retrospective Effect	The memorandum of association of the company cannot be amended retrospectively.	The articles of association can be amended retrospectively.
Major contents	A memorandum must contain six clauses.	The articles can be drafted as per the choice of the company.
Obligatory	Yes, for all companies.	A public company limited by shares can adopt Table A in place of articles.
Compulsory filing at the time of Registration	Required	Not required at all.
Alteration	Alteration can be done, after passing Special Resolution (SR) in Annual General Meeting (AGM) and previous approval of Central Government (CG) or Company Law Board (CLB) is required.	Alteration can be done in the Articles by passing Special Resolution (SR) at Annual General Meeting (AGM)
Relation	Defines the relation between company and outsider.	Regulates the relationship between company and its members and also between the members inter se.
Acts done beyond the scope	Absolutely void	Can be ratified by shareholders.

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Difine indent

Posted by Devika Dean 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Ashish Ashishsarda 6 years, 9 months ago

An indent is an order received by an exporter from his overseas buyer

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What is the emerging mode of business

Posted by Mehak Bisht 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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define karta and its perpectual secsection

Posted by Ayaz Khan 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Vanshika Saini 6 years, 9 months ago

This business is controlled and managed by the senior most male member of the family who is called KARTA. PREPECTUAL SECSECRION-- this buisness continues after the death of the karta . The next senior most male member if family becomes the karta and carries on the work .

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Chapter no 7 Formation of company is not available in the app

Posted by Sunny Sahu 6 years, 9 months ago

CBSE > Class 11 > Business Studies

2 answers

Nikita Singh 6 years, 9 months ago

Because it is included in chap 2

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D J 6 years, 9 months ago

Yes

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What do you mean by memorandom of assosiation

Posted by Kumar Ayush 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Gaurav Seth 6 years, 9 months ago

The Memorandum of Association or MOA of a company defines the constitution and the scope of powers of the company. In simple words, the MOA is the foundation on which the company is built.

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Shaina Rajput 6 years, 9 months ago

A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders.

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What is tha business

Posted by Shubham Singh Chauhan 6 years, 9 months ago

CBSE > Class 11 > Business Studies