In Which Organization, Every Subordinate Must Obey His Superior, Whether Be Likes It Or Not? This document is highly rated by Commerce students and has been viewed 70779 times. They are engaged in the purchase and sale of shares and other securities, of companies as well as Government securities on a stock exchange. Question 53. So business and society are meant and exist for each other. ’Endorsement’ or ‘indorsement’ is the act of signing the name of the maker of the holder of a negotiable instrument for the purposes of negotiation. What’s an ERP? What is E-commerce? What Is F.a.s. Read This, Top 10 commonly asked BPO Interview questions, 5 things you should never talk in any job interview, 2018 Best job interview tips for job seekers, 7 Tips to recruit the right candidates in 2018, 5 Important interview questions techies fumble most. It is an arrangement between two persons under which one agrees to meet some of the other’s financial obligations on condition that the later reimburses him. Ownership of a business refers to the person who owns a particular business or to whom the business belongs. soon we will up… Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Non-economic activities are not undertaken with economic motives, these may be in the form of religious, cultural or social activities. The business is expected to undertake those activities which are essential for the betterment of the society. Get the important questions for Commerce (Chapter-wise) with answers for CBSE Class 11 and 12 Accountancy, Economics and Business Studies. When Did The Government Institute The Companies Amendment Act? 28. Which Is A Chief Subsidiary Object Of Auditing? weaving woollen yarn into cloth. A business undertaking is an institutional arrangement to conduct any type of business activity. The examples of such goods are cloth, bread, groceries, drugs, etc. eCommerce MCQ is important for exams like Campus interview, IT department exam. In wholesale trade, goods are purchased in large quantities and are sold to retailers. A proper organization is helpful in the smooth running of the business and helps to achieve its objectives. Question 123. Which of the following model is part of E-Governance: a. G2B b. G2C c. B2G d. C2G 2. Question 133. Home Quiz Questions and Answers Basic Commerce Questions Basic Commerce Questions ExamGuru 10:14 AM. There are certain undertakings […] Layout View c. Print Preview d. Report View. Question 51. When trade takes place between two countries, it is called foreign trade. This indicates that the price covers the cost of goods and all other expenses till the goods are put into the railway wagon. It is that constituent of production which is involved in changing the form of a good at any stage from raw material to the finished product e.g. The responsibility of the business is to understand the needs and requirements of the society and then direct its energies to fulfil them Business should not undertake anything which is against the interests of society. Question 76. 1. (free On Rail)? Solved examples with detailed answer description, explanation are given and it would be easy to understand ... What are the basic applications of Internet? They are brokers who transact business connected with ship. On the other hand there are others who are of the view that a business should earn reasonable profit. All these activities create utilities. Question 132. In The Charter Of The Company While Choosing A Name Which Word Should Not Be Included? It is the total value of all goods and services that are produced by the people of a specified country in an year, It is the remuneration paid to the operative staff whoe output can be directly in an year. Managing Director or General Manager of a company. A retailer purchases goods from a wholesaler and sells them to the consumers. 17 Important Measures for the Safety of Gas and Vacuum Supply Service in Hospitals, Useful Notes on the Importance of Time Element in the Theory of Price by Marshall, Commerce Question Bank – 27 Short Questions With Answers on “Financial Management”, Essay on Leadership: Introduction, Functions, Types, Features and Importance. An organized market for buying and selling future contracts. Question 63. These 40 solved Marketing questions will help you prepare for personal interviews and online selection tests during campus placement for freshers and job interviews for professionals. Name The Brand Mark Which Has Legal Restrictions? ", To avoid this confusion, we've framed Commerce job interview questions and answers to simplify your interview preparation. Which Are The Two Divisions Of Whole Sale? 3. Which Are They? Question 3. Manufacturing industries which may be classified as follows: In this industry, any product is analysed and many products are received as final products. Commerce includes legal, economic, political, social, cultural and technological systems that are in operation in any country or internationally. Which are they? What Is Quantitative Credit Control? 5:37 AM General Knowledge , Interview , MBA 10 comments If you are in an Interview for an MBA or for an Job and Incidentally you are from an Commerce background stream or not, you got to know about few basic things about it in business field. The CBSE Class 12 Commerce Multiple Choice Questions (MCQs) at TopperLearning include the important objective questions in the Commerce syllabus. Question 121. Question 139. What is E-marketplace and explain different functions of E-marketplaces? The element of profit which is prevalent in economic activities distinguishes them from non-economic activities. For example, in the case of a faulty e-commerce system, the credit card of the customer may be billed immediately for the complete order, when only a partial order has been filled. It is the term using in double entry book keeping for an entry made on the left-hand side of an account, A person, usually a member of the stock exchange entitled to trade on the floor of that exchange is called floor Trader, The asset of the business which comprises cash or item which can easily and quickly be converted into cash within a period of one year. Question 9. They arrange charter parties, procure cargo etc., on the behalf of their principles. Uniform Resource Locator b. The examples of this category are—plastics, rubber, aluminium, etc. That’s why we’ve compiled 6 basic questions and answers for anyone considering starting their journey with B2B e-commerce and digital transformation. An organized market for securities. Which Audit Is Conducted Only Once In A While And That Also When The Client Desires? Brokers acts as intermediaries between two parties, in trade contracts. Accounting principles. The human objectives of a business are as follows: 12. So let us answer the following science quiz. Commerce Questions with Answers (700 Objective Questions) ExamGuru 11:56 AM Commerce Multiple Choice Questions and Answers with PDF : Commerce MCQ questions give a wide range of accounting, economics, taxation and other basic questions and answers related to the commerce topic with a simple and logical explanation. Share. These are very important and latest Basic General Knowledge Questions for all competitive examinations. In this industry a product passes through various processes to become a final product. Question 57. Ltd. Wisdomjobs.com is one of the best job search sites in India. E-Commerce Questions and Answers . 5. 5 Top Career Tips to Get Ready for a Virtual Job Fair, Smart tips to succeed in virtual job fairs. Before publishing your Essay on this site, please read the following pages: 1. Commerce solved questions and answers Set 12 or Commerce quiz objective questions with answers for competitive exams. Agent appointed to sell a car by its owner. Question 43. There are certain undertakings whose primary aim is to provide services to the society but still they are covered under business. What do you understand by commerce? Question 35. A business organization may be defined as the outcome of the efforts of one or more entrepreneurs by means of pooling together their resources and coordinating their activities to carry on business activity. The exploitation of any section i.e. A wholesaler does not come into direct contact with the consumer. The person why is so represented by an agent is called the principle. What are human objectives of a business? is that tax is levied at each stage of the production of goods or services and on the value added at each stage of the production, It is the statistics concerned with births, deaths, ages, health, marriages, diseases etc…, A gift given especially of a small sum of money given in response to ther service received or anticipated. This does not mean that they are forced out in business. SCM is a game of 4 C’s = Collaboration ; Co-operation ; Co-ordination and: a. Basic science is the study of the fundamental concepts of science that are related to everyday life.This section has many concepts that you may have thought about in your daily life. What Is The Term Ad Referendum Means? The extractive industry is engaged in raising some form of wealth from the soil, climate, air water or from beneath the surface of the earth. An organization creates the framework for managerial performance and helps in coordinating various business activities. Group Header b. Classify trade. They are specialization, correlation and business connection. Which Is The Technique Designed To Create An Artificial Market To Benefit A Businessman? To know more visit our website, Account Based Marketing Interview Questions, Accounting Principles Interview Questions, Business process outsourcing (BPO) Interview Questions, Business process outsourcing (BPO) Practice Tests, Business administration Interview questions, Cheque Truncation System Interview Questions, Principles Of Service Marketing Management, Business Management For Financial Advisers, Challenge of Resume Preparation for Freshers, Have a Short and Attention Grabbing Resume. 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