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?


    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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