BCom In Accounting & Finance (BCAF) SEM I 2023 2024 Dec 2024 COMMERCE I Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 (A) Match the following - Select the correct answer: (Any Eight) (8M)
2. Q2 Goals of the Organisation
3. Q3 Social audit
4. Q5 Going Global e. Concerned with social performance
5. Q1 (B) State whether True or False: (Any Seven) (7M)
6. Q1 Export promotion is possible through FDI
7. Q2 India’s balance of trade is favourable
8. Q3 GATT was an arrangement & not an institution
9. Q4 Social audit measures the sogial performance of a business unit
10. Q5 WTO establishes a framework for trade policies
11. Q6 Commercial audit and social audit are not the same
12. Q8 The cost to start a new business is called start-up costs
13. Q9 Business ethics is a branch of social science
14. Q10 The element of risk and uncertainty is very high in business
15. Q2 (a) Define business. Explain the various features of business. (8M)
    • (b) Explain the importance of business to consumers and business firms. (7M)
    • (c) Explain briefly the various internal factors constituting business environment. (8M)
    • (d) Explain the meaning of business objectives. Explain its features. (7M)
16. Q3 (a) Explain factors influencing business ethics? (8M)
    • (b) entrepreneur and Explain characteristics of entrepreneur. (7M)
    • (c) What are the objectives of consumer protection councils? (8M)
    • (d) What are the advantages of managing ethics at workplace? (7M)
17. Q4 (a) the responsibility of business towards shareholders and e nployees. (8M)
    • (b) Explain the benefits of Social Audit. (7M)
    • (c) What is Social Audit? Explain its features. (8M)
    • (d) governance, Explain its Importance. (7M)

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