Samsung Company was charged with evasion of tax and asked to pay fine in crores which would lead to heavy losses for the company. Identify the type of business risk:
Answers
Explanation:
Samsung company was charged with evasion of tax and asked to pay fine in croseswhich would lead to heavy losses for the company.c) Mr. Mehul, a senior manager in a telecom company shared confidential informationabout the company with a competitor which led to huge losses for the company.d) Typewriters are becoming redundant.Identify and explain types of business risk being referred to in all the above cases.Q2. Deepak was working with company making tires. He was possessing one truckthrough which he transfers their tires from one state to another state. Now he wanted toset up his business in his village Bahadurgarh of manufacturing tractors to supply themto farmers at reasonable rates. He sold his old truck to his friend at a profit of Rs 10000and went back to his village. He shared his idea with his friends. They liked his idea andwanted to contribute in this social work. One of his friend Nitin, decided to sell him rawiron at reasonable rate.Shyam said he will deliver him engine of good capacity. Ankursaid he can deliver only some of the accessories as his uncle is in wholesale businessof car accessories. He has finally started the production and with the help of his friendsdid the assembling part successfully. He donated first tractor made by him to one of thefarmer cooperative society so that they all can avail the benefit out of it.a) Which type of product he was dealing in?b) Is sale of truck and tractor an economic activity? Give reason to support your answerbe referring relevant feature of business.c) Write any two values being followed by Deepak in the above case study.Q3. Shenoy and Gurpreet were good friends. Both have done their masters togetherfrom the same college. After completing their masters Gurpreet has done CA. Shenoyhad taken up a job at managerial level and Gurpreet had started his consultancy firm toprovide financial assistance to other business persons. Beside job, Shenoy has also joined an NGO and worked hard to realize its objective related to providing free