Name: NTA CUET (UG) Section II, Domain (Commerce)
Brand: Disha Publication
Price: 350 INR
Availability: InStock

NTA CUET (UG) Section II, Domain (Commerce)

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23 Customer Review

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Q1

What is the main objective of financial management?

A1

The primary objective of financial management is to maximize the wealth of shareholders by making sound investment, financing, and dividend decisions.
Q2

What does the 'organizing' function in management involve?

A2

Organizing is the management function that involves identifying activities, classifying them, assigning duties, and establishing authority and responsibility relationships.
Q3

How is goodwill in a partnership firm calculated under the average profit method?

A3

Under the average profit method, goodwill is calculated by multiplying the average of past profits by the agreed number of years' purchase.
Q4

What is the 'central problem' of an economy?

A4

The central problem of an economy is the scarcity of resources relative to unlimited human wants, which forces choices about what, how, and for whom to produce.
Q5

What is the significance of a commercial bank in an economy?

A5

Commercial banks play a vital role by accepting deposits, providing loans, facilitating payment systems, and contributing to the money creation process in the economy.
Q6

What is the difference between a partnership and a sole proprietorship?

A6

A partnership involves two or more persons who agree to share the profits of a business, whereas a sole proprietorship is a business owned and run by a single individual.
Q7

How does the government budget affect the economy?

A7

The government budget uses fiscal policy tools like taxation and public expenditure to influence economic activities, redistribute income, and manage aggregate demand.
Q8

What are the key elements of a marketing mix?

A8

The marketing mix, often called the 4Ps, consists of Product, Price, Place (distribution), and Promotion, which are the key tools a company uses to achieve its marketing objectives.
Q9

How does a change in profit-sharing ratio affect partners?

A9

A change in profit-sharing ratio requires the calculation and settlement of any existing goodwill and the revaluation of assets and liabilities to adjust the partners' capital accounts.
Q10

What is the 'business environment' in management?

A10

The business environment includes all external factors like economic, social, political, and technological forces that can influence a company's operations and performance.

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Have Doubts Regarding This Product ? Ask Your Question

Q1

What is the main objective of financial management?

A1

The primary objective of financial management is to maximize the wealth of shareholders by making sound investment, financing, and dividend decisions.
Q2

What does the 'organizing' function in management involve?

A2

Organizing is the management function that involves identifying activities, classifying them, assigning duties, and establishing authority and responsibility relationships.
Q3

How is goodwill in a partnership firm calculated under the average profit method?

A3

Under the average profit method, goodwill is calculated by multiplying the average of past profits by the agreed number of years' purchase.
Q4

What is the 'central problem' of an economy?

A4

The central problem of an economy is the scarcity of resources relative to unlimited human wants, which forces choices about what, how, and for whom to produce.
Q5

What is the significance of a commercial bank in an economy?

A5

Commercial banks play a vital role by accepting deposits, providing loans, facilitating payment systems, and contributing to the money creation process in the economy.
Q6

What is the difference between a partnership and a sole proprietorship?

A6

A partnership involves two or more persons who agree to share the profits of a business, whereas a sole proprietorship is a business owned and run by a single individual.
Q7

How does the government budget affect the economy?

A7

The government budget uses fiscal policy tools like taxation and public expenditure to influence economic activities, redistribute income, and manage aggregate demand.
Q8

What are the key elements of a marketing mix?

A8

The marketing mix, often called the 4Ps, consists of Product, Price, Place (distribution), and Promotion, which are the key tools a company uses to achieve its marketing objectives.
Q9

How does a change in profit-sharing ratio affect partners?

A9

A change in profit-sharing ratio requires the calculation and settlement of any existing goodwill and the revaluation of assets and liabilities to adjust the partners' capital accounts.
Q10

What is the 'business environment' in management?

A10

The business environment includes all external factors like economic, social, political, and technological forces that can influence a company's operations and performance.

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