Question 16 of 18intermediate✨ CreateEssay5 marks

Divide students into teams to work on the following: To enquire into the profile of five partnerships firms

Correct Answer

To enquire into the profile of five partnership firms, students should work in teams and study various aspects of each firm. The following aspects should be covered in the enquiry:

Nature of business: Students should identify what type of business activity the partnership firm is engaged in, such as trading, manufacturing, or services.

Size of business: This should be measured in terms of capital employed, number of persons working, and sales turnover. These metrics help understand the scale of operations of each partnership firm.

Problems faced: Students should investigate the challenges and difficulties encountered by the partnership firms in their day-to-day operations.

Other key aspects: The enquiry should also cover incentives available to the firms, reason behind choice of partnership form, decision making pattern among partners, willingness to expand and relevant considerations, and usefulness of a form for the business.

Presentation of findings: Student teams should submit their findings and conclusions in the form of project reports and multi-media presentations. This helps develop analytical and presentation skills while understanding the practical aspects of partnership as a form of business organisation.

Exercise: EXERCISES - Projects | Q: 3 | (Page 30)
For More Understanding

Explanation

This is a project-based question from the NCERT textbook. The context clearly outlines the aspects students should investigate when studying partnership firms. The notes section provides specific parameters like nature of business, size (capital employed, number of workers, sales turnover), problems faced, incentives, decision making patterns, and expansion plans. Students are expected to work in teams and present their findings as project reports or multimedia presentations.

Solution Steps

  1. Step 1: Identify the key aspects to study from the textbook notes

  2. Step 2: Organize the aspects systematically - nature, size, problems, and other factors

  3. Step 3: Include the presentation format as specified in the context