State the reasons whether the following statements are true or false. (Any three)
- According to F. W. Taylor, there should be scientific selection and training of employees.
- Business organisation do not have various types of social responsibilities.
- Business should not disclose their records to investors.
- Consumer Protection Act is not a blessing for the consumers.
- Consumer being the king of the market does not have any responsibilities.
- The consumer protection act was passed in the interest of the consumers.
- Division of work is not required in organising a function.
- In a partnership firm the liability of partners is unlimited.
- Lok Adalat can rightly be described as “people’s court”.
- 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 no vital importance in the process of management.
- Principles of Management improves the efficiency of employees.
- Principles of utmost good faith is only applicable to life insurance contract.
- e- business allows you to work across the globe in any field.
- e- business means using the internet to connect people and processes.