OMTEX CLASSES: OCM

ORGANISATION OF COMMERCE AND MANAGEMENT NOTES

FILL UPS CHOOSE THE CORRECT ANSWER

Write the features of the following.

Features of Sole Trading Concern?

Features of Joint Hindu Family Business?

Features of Partnership Firm?

Features of Co-operative Society?

Features of Joint Stock Company?

Features of Business Service?

Nature/Features of Principles of Management?

Features of organizing?

Features/Nature of Staffing?

Features/Nature of Directing?

Features/Nature of Co-ordination?

Features/Nature of Controlling?

Features/Nature/ characteristic of ENTREPRENEUR?

Feature/nature/characteristics of Entrepreneurship...

Features/Nature/ characteristic of Business Ethics...

Elements of Business Ethics?

DISTINGUISH BETWEEN

Sole Trading Concern Partnership firm

Proprietorship Joint Hindu Family Firm

Partnership Firm Joint Hindu Family Firm

Partnership Firm Joint Stock Company

Co-operative Society Joint Stock Company

Co-operative Society Partnership Firm

Private Company Public Company

Life Insurance Fire Insurance

Life Insurance Marine Insurance

Current Account Saving Account

Fixed Deposit Account Recurring Deposit Account

Road Transport Rail Transport

Water Transport Air Transport

Cheque Bank Draft

Loans Overdraft

Commercial Bank Central Bank

Bonded warehouse Duty paid Warehouse

Traditional social Responsibility Corporate social...

Entrepreneur Manager

District Forum State Commission

State Commission National Commission

District Forum National Commission

WHAT ARE THE TYPES OF

Types of Partners?

Types of Partnership firm?

Types of co-operative society?

Types of Business Services?

Types of Banks?

Types of Life Insurance?

Types of Fire Insurance Policy?

Types of Marine Insurance Policy?

Types of Ware houses?

Types of Mail Services?

Types of specialized Mail services?

Types of Money Remittance Services?

Types of Retail Services?

WRITE SHORT NOTES ON

Wireless Communications?

Modern modes of Communication?

Traditional means of Transport?

ADVANTAGES AND DISADVANTAGES

Road Transport? Advantages and Limitations?

Rail Transport? Advantages and Limitations?

Water Transport? Advantages and Limitations?

Air Transport? Advantages and Limitations?

SOCIAL RESPONSIBILITY OF COMMERCIAL ORGANISATION TOWARDS

Social Responsibility towards Owner?

Social Responsibility towards Investors?

Social Responsibility towards Employees?

Social Responsibility towards Consumers?

Social Responsibility towards Government?

Social Responsibility community, public in general...

MERITS AND DEMERITS OF

Merits and Demerits of Sole Trading Concern?

Merits and Demerits of Partnership firm?

Merits and Demerits of Joint Hindu Family?

Merits and Demerits of Co-operative Society?

Merits and Demerits of Joint Stock Company?

ANSWER IN DETAIL

Significance of Principles of Management?

Henri Fayol's Principles of Management? (14 Principles)

F.W. Taylor's Scientific Management? Or Principles...

Techniques of Scientific Management?

Competencies of Entrepreneurship?

Choice or Suitable forms of Business Organization/...

What are the factors to be considered for starting...

Function of Commercial Bank? Only Primary Functio...

Secondary Function of Commercial Bank?

E-Banking?

Principles of Insurance?

Functions of Ware housing?

ON-LINE Transactions?

Secure Sockets Layers (SSL)/ Security and Safety o...

Payment Mechanism?

OUT Sourcing?

Need (Cases) for Social Responsibility?

Role of Transport?

Importance of Consumer Protection?

Consumer Rights?

Consumer Responsibilities?

Ways and means of Consumer Protection?

Role of Consumer Organization and functions of NGO...

State Whether The Following Statement Are True Or False (Give Reason)

1. A partnership agreement can be verbal or written.

2. A sole trader can take prompt decisions and quick actions.

3. A sole trader has a weak bargaining power.

4. Business secrecy cannot be maintained in a Sole Trading Concern.

5. Liability of a sole trader is unlimited.

6. Sole Trading Concern is convenient and suitable when the market of goods is local.

7. The liability of partners is limited.

8. The liability of the Karta is limited and that of co – parceners is unlimited. This statement is false.

9. The maximum number of members in a Joint Hindu Family firm is 20.

10. There is no limit for membership in Joint Hindu Family Business.

11. The main purpose of a cooperative organization is to earn profit. [False]

12. Transport is useful in raising standard of living. [True]

13. It is easy to set up e – business as compared to traditional business. [True]

14. Management should avoid workers' participation while making decisions. [False]

15. Coordination is needed at all the levels of management. [True]

16. A joint stock company can raise huge capital.

17. Company form of organizations has developed before industrial revolution.

18. Co – operative Society differs from other forms of commercial organizations.

19. The membership of a Co – operative society is voluntary.

20. Profit maximization is the motto or object of a Co – operative Organisations.

21. Planning has vital importance in the management process.

22. Business ethics is not applicable to all business organisations.

23. A Joint Stock Company can raise huge capital.

24. The principle of indemnity is applicable to life insurance.

25. Consumer Protection Act is a blessing for the consumers.

ORGANISATION OF COMMERCE MANAGEMENT IMPORTANT PRACTICE PAPER FOR MARCH 2015 EXAM

OMTEX CLASSES

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OCM

Forms of Business Organization (1)

Consumers Behaviour (2)

Business Services (2)

Emerging Modes of Business (3)

Commercial Banks (11)

Central banking (12)

Consumer Protection (5)

Functions of Management (7)

Factors of Production(6)

Principles of Management (6)

Introduction to Marketing

Forms of Market and Price Determination Under Perfect Competition (5)

Entrepreneurship Development (8)