Question

III. Answer any Seven of the following questions in 10 to 12 sentences. Each question carries 4 marks: 7 X 4=28
25. Explain the nature of business risks.
26. Explain briefly four features of partnership firm.
27. Explain briefly two types of co-operative societies.
28. Briefly explain any four benefits of Joint ventures.
29. Briefly explain the different types of Banks.
30. Explain any four benefits of e- Business.
31. Explain briefly the ways of payment in Online Transactions.

32. Write a note on Articles of Association.
33. Write briefly the different types of itinerant retailers.
34. Explain the scope of International Business.

Answer 1

1. Business risk is defined as the possibility of occurrence of any unfavourable event that has the potential to minimise gains and maximise loss of a business. In simple words, business risks are those factors that increase the chances of losses in a business and reduce opportunities of profit.
2. Features of Partnership Firm – Agreement, Number of Partners, Lawful Business, Profit Sharing, ... In the similar way there are sub-types of consumer's cooperatives and producer's cooperatives. Principal-Agent Relationship, Unlimited Liability and a Few Others.
3. Some of the major types of cooperative societies are as follows: (1) Credit Cooperative Societies (2) Consumers Societies (3) Producers Societies. Credit society was the first type of cooperatives. ... In the similar way there are sub-types of consumer's cooperatives and producer's cooperatives.

HOPE IT HELPS

PLEASE MARK ME BRAINLIEST ☺️