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+--- Thread: SHORT QUESTION INTRODUCTION TO BUSINESS (/thread-short-question-introduction-to-business)
SHORT QUESTION INTRODUCTION TO BUSINESS - NAHID - 05-26-2006
INTRODUCTION TO BUSINESS
IMPORTANT SHORT QUESTIONS
PREPARED BY NAHID AKHTAR
Q.1 WHAT IS ENDOWMENT POLICY?
This policy is for a fixed period. The policyholder pay premium up to a fixed period. The sum assured becomes payable after a specified number of years or on the death of assured, whichever is earlier.
Q.2 WHAT IS SURRENDER VALUE?
If a policyholder decieded to surrender his policy or discontinue it before its maturity, the insurer pays the surrender value. Surrender value is calculated on the basis of the premium paid.
Q.3 E-COMMERCE?
E-commerce basically refers to the buying and selling of products and services electronically. This can be done through Internet, which presents goods and services to customer in the world via web site.
Q.4 WHAT IS BILL OF LADING?
It is a very important document. It shows that the goods are loaded on the ship. It is just like railway receipt. It contains name of shipper, name of ship, quantity of goods, packing and marks, name of the importer, name of the importing seaport and freight.
Q.5 WHAT IS MATE, S RECEIPT?
This is a receipt given by the captain of the ship to the dock authorities. The captain admits the goods have been loaded on the ship.
Q.6 WHAT IS INDENT?
It is an order sent for importing goods from foreign countries. It is sent to producers. The order for importing goods through the export agent is called indent. It contains information about quality, display, packing, marking, price, dispatch, insurance, payment, arbitration etc.
Q.7 WHAT DO U MEAN BY MARKET MIX?
The market mix mean is a sales promotion Programme in order to meat the customerâs needs. It is a mixture of product, price, promotion and physical distribution (place). The sales promotion Programme can be started at any time during the year.
Q.8 DEFINES CARTEL?
A cartel is defined asâ a voluntary agreement between independent business units doing similar type of business to secure a monopoly of the marketâ.
Q.9 WHAT IS RESOLUTIONS?
The agenda is presented before the members in the meeting to discuss and make decision. Each matter is discussed, debated and finally put to vote. If it is carried by the requisite majority, it becomes the resolution of the meeting on that particular matter.
Q.10 WHAT IS DEBENTURES?
The debentures are issued by the companies to secure loan. In simple words, debenture is a written letter of acceptance issued for securing loan by the company in which interest, surety and conditions regarding return of loan are recorded.
Q.11 WHAT IS BROKERAGE?
A brokerage is a fee given to a person who sells shares or debentures on behalf of the company. This is paid to the brokers and bankers who sell the shares of the company.
Q.12 WHAT IS STATEMENT IN LIEU OF PROSPECTUS?
A public company need not necessarily go to the public for money. The promoters may raise the necessary capital through private contracts. In such a case there is no need of issuing prospectus to yhe public. The promoters are required to prepare a document called statement in lieu of prospectus and file the same with the registrar.
Q.13 DEFINES PROMOTER?
The term promoter has not been defined by law. The person who does the preliminary work for the formation of the company is called promoter. Actually a person who gives instruction for the preparation and registration of the memorandum and article of association is a promoter.
Q.14 DEFINES COMMON SEAL OF COMPANY?
A seal is a tool used as substitute of signature. As company is an artificial person, so it cannot sign on a contract. It works with the help of seal. All the contract are made by the director for a company. The directors use the seal on all documents on behalf of a company.
Q.15 DEFINES LIFE INSURANCE?
It is a contract in which the insurer, against a premium, undertakes to pay a certain amount on the death of the insured or on the expiry of a certain number of years.
- Mahtab - 05-26-2006
Thank You Very Much
- accountant1 - 05-27-2006
lol nice work
- NAHID - 06-04-2006
One Life, One World, One Human Family
When I wake up in the morning and see the newspaper, I am always shocked by the same horrifying news and stories like destruction, bombing, suicide attacks, killings, rapes, disasters etc. I am not able to remember a single day since my birth when the Sun shines without bringing the dreadful events somewhere else in the world. All of this is occurring due conflicts of political and religious ideologies or the absence of humanity which unites us together as an only human family in the universe. Every human is in search of peace, happiness and comfort in the world. Itâs a basic need whether they belong to humans or to animals; all beings primarily seek peace, happiness, and comfort, they does not want suffering, hatred and pain.
In my view, itâs a rare event to be born as a human being, and it is wise to use this opportunity for the peace and comfort of the humans. We must have the proper view of human family so that the happiness or comfort of one nation or nations is not sought at the cost of others.
If we will not accept this fact as human beings, there will be more and more sufferings, pain, hatred, destruction and disaster on our only earth. If we adopt a divided or nation wise approach to life and try to use others nations for oneâs nations interest, we may be able to gain temporary benefits, but ultimately we will not be successful in achieving even personal happiness, and world peace and happiness will be completely out of the question.
Human beings without a sense of human family or having no feeling of universal brotherhood and sisterhood we cannot hope to overcome the dangers to our existence. If we will succeed in making the people of this only earth a human family, then this alone can bring peace and happiness in our world which is waiting for it for millions of years.
There may differences in our religion, color, language, region or everything else but it is offering a new experience to develop us as human and not something to distance us from one another. Every person I have met in my life, no matter in what circumstance, I have been enhanced by their differences as those differences were pieces of experience and life, I could not have obtained by my own. Let us taste and enjoy these differences instead of avoiding them.
The human family can only be created when we will put our minor differences, our minor quarrels, our differences of opinions aside. Let us have love and sincerity for each other and cherish the friendship that we share online and in real life, with all those who are either near to our lives or seven seas away from us. I always pray and ask you to pray for one thing, that is humanity, only humanity can unite us in threads of friendship and can bind us together with that threads as a human family that the world has never seen.