Tag: business services 1

Questions Related to business services 1

Telegram was charged on the basis of _________.

organization of commerce and management business services 1 communication services postal services 4 - rapid communication and other facilities postal services and warehouses importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. number of words used

  2. number of letter used

  3. number of sentences used

  4. number of paragraphs used

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Correct Option: A
Explanation:

Telegram was charged on the basis of number of words used. A telegraph message sent by an electrical telegraph operator or telegrapher using Morse code (or a printing telegraph operator using plain text) was known as a telegram. Telegram is regarded is a cloud-based instant messaging service.

Which is the most historical way of sending information?

organization of commerce and management business services 1 communication services postal services 4 - rapid communication and other facilities postal services and warehouses importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. Internet

  2. Telephone

  3. Telegram

  4. All of the above

Show answer
Correct Option: C
Explanation:

Telegram is the most historical way of sending information. Telegram was charged on the basis of number of words used. A telegraph message sent by an electrical telegraph operator or telegrapher using Morse code (or a printing telegraph operator using plain text) was known as a telegram. Telegram is regarded is a cloud-based instant messaging service.

Written communication is called _________.
organization of commerce and management business services 1 communication services postal services 4 - rapid communication and other facilities postal services and warehouses importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. compliments

  2. consideration

  3. correspondence

  4. none of these

Show answer
Correct Option: C
Explanation:

C. correspondence

A written  communication is usually in the form of a letter and is called business correspondence. It is a way by which any person who is related to the business expresses oneself. 
He may also ask any doubts or queries through business correspondence. Any correspondence between two organizations or within an organization is referred to as business correspondence.  
For example, a letter to the supplier, letter of inquiry, complaint letters, job applications, etc.


Rate of return which considers riskiness and an available returns on investments is classified as _______________.

organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. constant dividend

  2. constant rate

  3. maximum rate of return

  4. minimum acceptable rate of return

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Correct Option: D

A _______ was developed to offer a broad coverage against all possible damages arising from a variety of risks.

organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. Lump-sum policy

  2. One-time policy

  3. Comprehensive policy

  4. All of the above

Show answer
Correct Option: C
Explanation:

A comprehensive policy was developed to offer a broad coverage against all possible damages arising from a variety of risks. Comprehensive policy typically covers damage from fire, vandalism or falling objects. Comprehensive policy is often regarded as an optional coverage.

Health Insurance is a safeguard against rising medical costs. 

organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. True

  2. False

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Correct Option: A
Explanation:

Health Insurance is a safeguard against rising medical costs- this is a true statement. Health insurance can be defined as a policy which is designed to provide coverage to costs which occur due to medical care. It helps to provide financial protection in case of hospitalization of the insured.

Whenever you buy a vehicle, motor insurance is equally important and third party liability insurance is mandatory.

organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. True

  2. False

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Correct Option: A
Explanation:
A. True
Motor Vehicle Insurance falls under the General Insurance. In motor insurance, the owner’s liability to compensate people who were killed or injured through negligence of the motorists or drivers is passed on to the insurance company. This is also known as third party insurance. The premium is paid yearly in case of Motor Vehicle Insurance.

'A' group items in the ABC system are ______________.

organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. Large number of items with large rupee investment

  2. Very high quality items

  3. Large number of items with small rupee investment

  4. Small number of items with large rupee investment

  5. Sub standard items with large rupee investment.

Show answer
Correct Option: D
Explanation:

ABC analysis is an inventory management technique in which inventory is segregated into three groups - A, B and C on the basis of the value of annual usage. The A items are those in which contribute the largest rupee investment.

State the following statement is True or False:

The persons who are trustees, agents and managing partners of the company are the directors.

organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. True

  2. False

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Correct Option: A
Explanation:

Since the company is an artificial person, Director acts an agent of the company. Director acts as a trustee by safeguarding the financial and other resources of the company. He/She acts as a managing partner by managing the company's affairs under the guidance of the Board of Directors.

State the following statement is True or False:

The authority which directs and manages the affairs of a company is the Board of directors.

organization of commerce and management business services 1 importance, types and documentation in warehousing meaning of warehousing and warehousing warehousing

  1. True

  2. False

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Correct Option: A
Explanation:

Subject to the provisions of the Companies Act 2013, the Board of Directors of a company shall be entitled to exercise all such powers, and to do all such acts and things, as the company is authorized to exercise and do.