11th Class Business Studies Forms Of Business Organisation Question Bank Forms Of Business Organisation (Higher)

X, Y and z are partners in a firm. X makes use of firm's money to buy shares without disclosing it to Y and Z. Which value is being violated by X and what will the treatment of profit earned by X?

Answer:

Ans. X has violated following values:

(a) Breach of mutual trust

(b) Honesty

(c) Truthfulness

(d) Transparency

X will have to return the firm's money along with any profits earned.

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11th Class Business Studies Forms Of Business Organisation Question Bank Forms Of Business Organisation (Higher)

question_answer X, Y and z are partners in a firm. X makes use of firm's money to buy shares without disclosing it to Y and Z. Which value is being violated by X and what will the treatment of profit earned by X?

X, Y and z are partners in a firm. X makes use of firm's money to buy shares without disclosing it to Y and Z. Which value is being violated by X and what will the treatment of profit earned by X?