OCM IMPORTANT TRUE OR FALSE WITH REASONS

OCM IMPORTANT TRUE OR FALSE WITH REASONS

State with reasons whether the following statements are True or False. (Any Three) [15]

A Joint Stock Company can raise huge capital.

Business ethics is not applicable to all business organisations.

Business organisation does not have various types of social responsibilities.

Business organisation is not responsible to control pollution.

Business should not disclose their records to investors.

Cash can be withdrawn from ATM at any time.

Co - operative society differs from other forms of commercial organisations.

Consumer Protection Act is a blessing for the consumers.

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

E-business allows you to work across the globe in any field.

In India Consumer Protection Act is not required.

In partnership the liability of partners of a firm is unlimited.

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

Lok Adalat' is one of the effective ways to resolve consumer problems.

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

Maximisation of profit is the object of a co-operative society.

Maximum number of members in a Joint Hindu Family Firm is 20.

Planning has vital importance in the management process.

Post offices provide money remittance services.

Principles of management are rigid.