13. What is Business?
14. State any two contents of partnership Deed.
15. Define Joint Stock company.
16. Give the meaning of Statutory Corporations.
17. What is e-banking?
18. Mention any two types of Telecom Services.
19. Distinguish between e-Business and e- Commerce.
20. What is Articles of Association?
21. State two limitations of Departmental Stores.
22. State any two types of products suitable for selling through Automatic Vending Machines.
23. Give the meaning of International Business.
24. What is Certificate of Origin?
Answers
Answer:
13.A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
14. Contents of Partnership Deeds
1, The name of the firm.
2, Name and details of all partners.
3, Date of commencement of business.
4, Duration of the firm's existence.
5, Capital contributed by each partner.
6, Profit/loss sharing ratio.
7, Interest on capital payable to partners.
8, The extent of borrowings each partner can draw.
15.A joint stock company is an organisation which is owned jointly by all its shareholders. ... Each joint stock company share is transferable, and if the company is public, then its shares are marketed on registered stock exchanges. Private joint stock company shares can be transferred from one party to another party.
16. A statutory corporation is a body corporate formed by a special act of parliament or by the central or state legislature. It is fully financed by the government. ... are also decided by the act of the legislature. It is also called” public corporation”.
17.Electronic banking, Use of computers and telecommunications to enable banking transactions to be done by telephone or computer rather than through human interaction. Its features include electronic funds transfer for retail purchases, automatic teller machines (ATMs), and automatic payroll deposits and bill payments.
18. Modes of telecommunication
1, E-mail.
2,Fax.
19. E-Commerce refers to the performing online commercial activities, transactions over internet. E-Business refers to performing all type of business activities through internet
20.The articles of association are a legal document which prescribes rules and by-laws for the company and acts as a document that defines the responsibilities of directors, the kind of business to undertake, rules for issuing shares, etc.
21. Disadvantages of Departmental Stores
1, High operational costs. Departmental stores are located at important localities. ...
2, High cost of capital. Departmental stores require huge capital for their establishment. ...
3, Absence of personal touch.
22. Products may include candy, cookies, chips, fresh fruit, milk, cold food, coffee and other hot drinks, bottles and cans of soda and other drinks, and even frozen products like ice cream.
23. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries. ... International business is also known as globalization.
24. A certificate of origin is an important international trade document that certifies that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country. It also serves as a declaration by the exporter.