Question : Relationship between the partners is of
Option 1: Close relatives
Option 2: Agent and Principal
Option 3: Junior-senior relationship
Option 4: Senior-Subordinate relationship
Correct Answer: Agent and Principal
Solution : Answer = Agent and Principal. The business must be carried on by all the partners or any of them acting for all. There must be mutual agency. They represent the firm (principal) in business transactions and also act on behalf of other partners (agents). This dual role reflects the mutual trust and delegation of authority inherent in the partnership structure. Hence, the correct option is 2.
Question : The relationship of partner with the firm is that of:
Option 1: An owner
Option 2: An agent
Option 3: An owner and an agent
Option 4: Manager
Question : The superior-subordinate relationship is established by ______, in which the superior communicates his decision to the subordinate and requests compliance from him, and the subordinate carries it out in accordance with the superior's instructions.
Option 1: Authority
Option 2: Responsibility
Option 3: Accountability
Option 4: Delegation
Question : Directions: Kathir is senior to Ganesh. Ganesh is a senior to Apparu. Apparu is junior to Raju. Raju is junior to Ganesh. Who is the most senior?
Option 1: Ganesh
Option 2: Raju
Option 3: Kathir
Option 4: Apparu
Question : Which type of relationship exist between rate of dividend and share price?
Option 1: Direct relationship x
Option 2: Indirect relationship
Option 3: Inversely proportional relationship
Option 4: None of the above
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