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Questions and Answers
When was the first chamber of commerce founded?
When was the first chamber of commerce founded?
- 1750
- 1758
- 1783
- 1599 (correct)
What is the primary goal of a chamber of commerce?
What is the primary goal of a chamber of commerce?
- To regulate trade and commerce
- To further the interests of businesses (correct)
- To promote government policies
- To provide financial assistance to businesses
How are the members of a chamber of commerce involved in decision-making?
How are the members of a chamber of commerce involved in decision-making?
- They are appointed by the government
- They have no involvement in decision-making
- They appoint the President directly
- They elect a board of directors or executive council (correct)
What determines whether a chamber of commerce is voluntary or mandatory?
What determines whether a chamber of commerce is voluntary or mandatory?
Which chamber of commerce is the oldest in North America?
Which chamber of commerce is the oldest in North America?
What is the duration of the Business Studies Class 12 theory exam?
What is the duration of the Business Studies Class 12 theory exam?
Which unit in Part A of the syllabus covers the concept of 'Business Environment'?
Which unit in Part A of the syllabus covers the concept of 'Business Environment'?
What is the focus of Part B of the Business Studies Class 12 syllabus?
What is the focus of Part B of the Business Studies Class 12 syllabus?
What is the primary goal of introducing Business Studies at the Senior School level?
What is the primary goal of introducing Business Studies at the Senior School level?
Which unit in Part B of the syllabus covers 'Consumer Protection'?
Which unit in Part B of the syllabus covers 'Consumer Protection'?
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Study Notes
History of Chambers of Commerce
- The first chamber of commerce was founded in 1599 in Marseille, France.
Chamber of Commerce Goals
- The primary goal of a chamber of commerce is to promote the interests of its members, which are typically businesses.
Member Involvement in Decision-Making
- Members of a chamber of commerce often participate in decision-making through voting on issues or electing representatives to the chamber's board of directors.
Voluntary vs. Mandatory
- Whether a chamber of commerce is voluntary or mandatory depends on the laws of the jurisdiction in which it operates.
Oldest Chamber of Commerce in North America
- The oldest chamber of commerce in North America is the Chamber of Commerce of the New River Valley, which was founded in 1796 in Christiansburg, Virginia.
Business Studies Class 12 Theory Exam
- The Business Studies Class 12 theory exam lasts for 3 hours.
Business Environment Unit
- The concept of 'Business Environment' is covered in Unit 1 of Part A of the Business Studies Class 12 syllabus.
Focus of Part B
- Part B of the Business Studies Class 12 syllabus focuses on 'Business Finance and Marketing'.
Goal of Introducing Business Studies
- The primary goal of introducing Business Studies at the Senior School level is to provide students with an understanding of the principles and practices of business.
Consumer Protection Unit
- Unit 6 in Part B of the syllabus covers 'Consumer Protection'.
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