Question : Assertion :- Entry of new firms in the market may make an enterprise think afresh about how to deal with the situation. Reason:- Business environment assist in planning and policy formation.
Option 1: Both assertion and reason are true and reason is correct explanation of assertion.
Option 2: Both assertion and the reason are true but reason is not the correct explanation of assertion.
Option 3: Assertion is true but the reason is false.
Option 4: Assertion is false but reason is true.
Correct Answer: Both assertion and reason are true and reason is correct explanation of assertion.
Solution : The major strategies or plans and policies in the organisation are formed keeping in mind business environment because the policies and strategies have to be implemented in the presence of environment factors. Entry of new firms in the market may make an enterprise think afresh about how to deal with the situation. Hence, option 1 is the correct answer.
Question : Assertion :- Business environment includes both general and specific forces. Reason :- General forces such as investors, customers, competitors and suppliers affect individual enterprises directly and immediately in their day to day working.
Question :
Assertion (A): Income and Expenditure Account
Question : Assertion :- Interest rates, taxes, inflation, stock market indices, value of rupee, personal disposable income, unemployment rate etc, are the factors which affect the economic environment. Reason :- The economic environment consists of an economic system, economic
Assertion (A): NPO do not maintain any capital
Question : Assertion (A): Partnership Deed is a legal document signed by all the partners. Reason (R): Any type of charitable institution running as a not-for-profit organization will not be
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