As per the Companies Act, 2013 for taking any decision or executing any transaction, the consent of the shareholders, the Board of directors and other specified is required. The decisions taken at a meeting are called resolutions.

A whole time Director is one who devotes whole of his time of working hours to the company and has a significant personal interest in the company as the source of his income.

Bonus share means to utilize the company's reserves and surpluses, issue of shares to existing share holder without taking any consideration is known as Bonus shares.

The digital India initiative has been launched to modernize the Indian Economy to make all government services available electronically. The initiative aims at transforming India into digitally empowered society and knowledge economy with universal access to goods and services.

a. Sole Trader
b. Public sector
c. Private sector
d. Joint Hindu Family Business

Intrapreneur is one who thinks and acts like an entrepreneur for the firms development during the course of employment in an organisation.

According to section 6 of the Negotiable Instruments Act, 1881 defines a cheque as "a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand"
 

(i)  Goods are materials that satisfy human wants and provide utility.
(ii) The term 'goods' includes every kind of movable property, stocks, and shares, growing crops, etc. Goodwill, trademarks, copy rights, patent rights etc., are all also regarded as goods.

i) Increase in unemployment
ii) Loss due to domestic units
(iii) Increased dependence on foreign nations
(iv) Unbalanced development

(i) Mixed economy is a combination of both state owned and private sector ownership.
(ii) The economic policies of a nation Monetary policy, fiscal policy, Export import policy, Industrial policy Trade policy, Foreign exchange policy etc are part of the economic environment.

(i) The State commission is to be appointed by the state government in consultation with the central government. It has the function at state level.
(ii) The State Consumer Protection Council is also known as "Consumer Disputes Redressal Commission".
(iii) The State Consumer Protection Council is also called as State commission.

The satisfaction of consumer wants and need is stated to be the prime and supreme  objective of a business.

'Caveat emptor' is a Latin term which means "let the buyer beware." In other words, the principle of caveat emptor serves as a warning to the buyers that they have no recourse with the seller if the product does not meet their expectations.

(i) Service marketing is a specialised branch of marketing.
(ii) Service marketing denotes the processing of selling service goods like telecommunication, banking, insurance, car rentals, healthcare, tourism, professional services, repairs, etc.

"A product is anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or a need'', says Philip Kotler.

Thcsc are types of markets which are organised, controllcd and regulated by statutory measures. Example :Stock Exchange of Chennai,Mumbai, Kolkata, ctc.

Under this method trainees are explained the situation and assigned roles. They have to act out the roles assigned without any rehearsal. For example, the role of customer and salesman, management and union leader, foreman and worker etc. may be played in the training session.

Intelligence tests are one of the psychological tests, that is designed to measure a variety of mental ability, individual capacity of a candidate.The main aim of these tests is to obtain an idea of the person's intellectual potential.

Benefits of internal source of recruitment.
(i) Internal source will reduce the cost and expenses of recruitment.
(ii) It is very useful, by way of selecting from the existing and retiring employees.

(i) Human resource is the only factor of production that lives.
(ii) Human resources created all other resources.

(i) A demat account holds all the shares that are purchased in electronic or dematerialized form.
(ii) Like the bank account, a demat account holds the certificates of financial instruments like,shares, bonds, government securities, mutual funds and exchange traded funds (ETFs).

(i) A commodity exchange is an exchange whdre commodities are traded.
(ii) Tradable commodities fall into the following categories.
a) Metals (e.g.gold, silver, copper)
b) Energy (e.g. crude oil, natural gas)
c) Agricultural (e.g. rice, wheat, cocoa)
d) Live stock and meat (e.g. Iive cattle, Iean hog)

1. Treasury Bills
(i) Treasury bills are very popular and enjoy a higher degree of liquidity since they are issued by the Government.
(ii) A Treasury bill is nothing but a promissory note issued for a specified period stated there in.
(iii) The Government promises to pay the specified amount mentioned there in to the bearer of the instrument on the due date.
(iv) The period does not exceed a period of one year.
2. Commercial bills
(i) A bill of exchange issued by a commercial organization to raise money for short-term needs.
(ii) These bills are of 30 days, 60 days and 90 days maturity.
(iii) The Commercial Bill is an instrument drawn by seller of goods on a buyer of goods.

(i) Financial institutions that provide facilities for channeling savings, of small investors into avenues of productive investments are called Mutual Funds.
(ii) A mutual fund company invests the funds pooled from shareholders and gives them the benefit of diversified investment portfolio and a reasonable return

Debt Market is the financial market for trading in Debt Instrument (i.e. Government Bonds or Securities, Corporate Debentures or Bonds).

(i) Controlling is performed to evaluate the performance of employees and deciding increments and promotion decisions.
(ii) The control function helps in identifying under performers and arranging remedial training for them.

(i) Manager is a dynamic and life-giving element in every business.
(ii) Without efficient management it cannot be secure the best allocation and utilisation of human, material and financial resources.