1. Role of Private Sector vs Public Sector Since Independence Private Sector Role: Public Sector Role: 2. Forms / Types of Public Sector Enterprises A. Departmental Undertakings Definition: Government departments that run businesses as part of government work. Features: Advantages: Disadvantages: Examples: Indian Railways, Postal Services B. Public / Statutory Corporations Definition: Organizations set up […]
1. Business Enterprises & Types Types of Enterprises 2. Forms of Private Sector Enterprises A. Sole Proprietorship Definition: Business owned, financed, and managed by one individual. Features (5) Advantages (5) Disadvantages (5) B. Joint Hindu Family (JHF) Business Definition: A business owned by Hindu Undivided Family and managed by Karta. Features (5) Advantages (5) Disadvantages
1. Role of Business in Development of an Economy 2. Types of Human Activities A. Economic Activities: B. Non-Economic Activities: 3. Difference Between Business, Profession, and Employment Basis Business Profession Employment Commencement Can be started anytime Requires qualification/license Requires appointment by employer Qualification No specific qualification needed Professional degree/skills needed Education/skills as required Investment Requires
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🔶 Meaning of Accounting: Accounting is the art of recording, classifying, summarising, and interpreting financial transactions to provide useful financial information for decision-making. 🔶 Features of Accounting: 🔶 Objectives of Accounting: 🔶 Advantages of Accounting: 🔶 Limitations of Accounting: 🔶 Basic Terms in Accounting: Term Meaning Transaction An economic activity between two parties measurable in
Structural Organisation in Plants and Animals A well-structured and engaging study material for students Introduction The chapter “Structural Organisation in Animals and Plants” helps us understand how living organisms are built, from the cellular level to tissues, organs, and organ systems. It highlights the differences and similarities in the structural complexity of plants and animals.
Introduction Biological classification helps in organizing organisms systematically. It is necessary for:✔️ Understanding evolutionary relationships.✔️ Easier identification and nomenclature. 🌿 Aristotle classified organisms into plants and animals.📜 Carl Linnaeus proposed the two-kingdom classification.🔬 R.H. Whittaker introduced the five-kingdom classification in 1969.🧬 Carl Woese proposed the three-domain system based on RNA sequencing. Five-Kingdom Classification (Whittaker, 1969)
