Business and Commerce

✅ The correct answer is A.
A private company should have at least 2 members.

✅ The correct answer is A.
The first organized stock exchange was set up in the year 1887. A number of stock brokers who geared up themselves, set up a voluntary organization in 1887.

✅ The correct answer is A.
Earning Goodwill is need for business ethics. Business ethics are required to protect the interest of employees, shareholders, competitors, dealers, suppliers, etc. It protects them from exploitation through unfair trade practices.

✅ The correct answer is A.
The method of evaluating the efficiency of workers is termed as merit rating. Merit Rating is also known as performance appraisal or performance evaluation. It is a systematic process for measuring the performance of the employees in terms of job requirements.

✅ The correct answer is D.
Decentralization of authority means departmentalizing activities. Departmentalization involves dividing an organization into different departments, which perform tasks according to the departments’ specializations in the organization. Departmentalization as a means of structuring an organization can be found in both public and private organizations.

✅ The correct answer is C.
Common Seal is a substitute for a companys signature. Common Seal is the official signature of the company and each company shall have only one seal, on its incorporation. It is to be used in the manner prescribed in the Articles of Association and the Companies Act, 2013.

✅ The correct answer is C.
The Credit co-operative societies are formed to give financial help to small farmers and other poor sections of the society. These societies are formed to give financial help to small farmers and other poor sections to the society.

✅ The correct answer is A.
An office routine is a system. Routine is “a series of steps in performance of work, each step in the series being performed in the same order and in the same way every time.”

✅ The correct answer is C.
The managerial grid consist of 81 possible leadership styles. Mouton, the Managerial Grid Model helps Managers to analyze their own leadership styles through a technique known as grid training. Also, Managers can identify how they with respect to their concern for production and people with Managerial Grid Model.

✅ The correct answer is C.
Office layout is the arrangement of furniture and equipment with the available floor space. “The problem of layout relates to the arrangement in the space involved so that all the equipment, supplies, procedures and personnel can function at maximum efficiency”.