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Statement I: Red tape and bureaucracy do not permit quick decisions and prompt action. Statement II: The management of a company is supposed to be carried on according to the collective will of its - Commercial Applications

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प्रश्न

Statement I: Red tape and bureaucracy do not permit quick decisions and prompt action.

Statement II: The management of a company is supposed to be carried on according to the collective will of its members.

विकल्प

  • Only I is correct.

  • Only II is correct.

  • Both I and II are wrong.

  • Both I and II are correct.

MCQ
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उत्तर

Both I and II are correct.

Explanation:

Statement I is correct because red tape and bureaucracy often lead to delayed decision-making and slow action in some businesses, particularly in larger, more formal organisations.

Statement II is also correct because a company’s management is carried out based on its members collective will, usually through a board of directors who represent shareholders.

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अध्याय 4: Ownership Structures - Joint Stock Company - EXERCISES [पृष्ठ ५३]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
अध्याय 4 Ownership Structures - Joint Stock Company
EXERCISES | Q I. 12. | पृष्ठ ५३
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