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Business Studies Class XI Poonam Gandhi PDF

3 Questions

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Business Studies Class XI Poonam Gandhi PDF

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Questions and Answers

Which of the following is a characteristic of a sole proprietorship?

Separate legal entity

Unlimited liability (correct)

Limited liability

Double taxation

What does the term 'SWOT' stand for in business studies?

Suppliers, Warehousing, Orders, Transportation

Strategies, Workforce, Objectives, Training

Strengths, Weaknesses, Opportunities, Threats (correct)

Sales, Workforce, Operations, Technology

What is the primary purpose of financial accounting?

To provide information for external users to make investment decisions (correct)

To manage day-to-day transactions within the organization

To analyze employee performance

To forecast future market trends

Study Notes

Business Entities

A characteristic of a sole proprietorship is that it is a business owned and operated by one individual, with no legal distinction between the owner and the business.

Business Planning

SWOT is an acronym that stands for Strengths, Weaknesses, Opportunities, and Threats, used in business studies to identify and analyze these four elements in a business environment.

Accounting

The primary purpose of financial accounting is to provide stakeholders with financial information about a business, such as its profitability and financial position, to aid in informed decision-making.

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Description

Prepare for your Business Studies Class XI exam with this PDF by Poonam Gandhi. Test your knowledge with quizzes and exercises related to various business concepts.