Legal Aspects of Business and Technology

Legal Aspects of Business and Technology Questions with Answer – 2024 Fall (BBA/BBA-TT/BCIS)

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Legal Aspects of Business and Technology Questions with Answer - 2024 Fall (BBABBA-TTBCIS)

Level: Bachelor Year: 2024 Fall Programme: BBA/BCIS/BBA-TT Full Marks: 100 Course: legal Aspects of Business and Technology Pass Marks: 45 Semester: VI Time: 3hrs University: Pokhara University Legal Aspects of Business and Technology Questions with Answer – 2024 Fall (BBA/BBA-TT/BCIS) Section”A” Very Short Answer Questions. [10*2] Attempt all the Questions. [10*2] 1. Mention the differences between a substituted … Read more

Compare and contrast ‘Scientific management’ approach to job design with Herzberg’s Job Enrichment approach.

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Compare and contrast ‘Scientific management’ approach to job design with Herzberg’s Job Enrichment approach.

The difference and similarities between Scientific management approach to job design with Herzberg’s Job Enrichment approach are, Aspect Scientific Management Herzberg’s Job Enrichment Similarities Focus Focuses on efficiency, productivity, and standardization of tasks. Focuses on employee motivation, satisfaction, and personal growth. Both aim to improve job performance and organizational effectiveness. Role of Employees Employees are … Read more

What do you mean by Arbitration? Discuss the power and duties of the Arbitrator in line with the Arbitration Act of Nepal.

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What do you mean by Arbitration Discuss the power and duties of the Arbitrator in line with the Arbitration Act of Nepal.

Arbitration is a process for resolving disputes without going to court. In this process, the people involved in a disagreement agree to choose a neutral third person, called an arbitrator, to listen to their arguments and make a decision. The decision made by the arbitrator is usually binding, which means both parties must follow it. … Read more

What do you mean by liquidation? Explain the process of voluntary liquidation according to the company act 2063 of Nepal.

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What do you mean by liquidation Explain the process of voluntary liquidation according to the company act 2063 of Nepal.

Liquidation is the process of closing a company and converting its assets into cash to pay off its debts. If there is any money left after paying the debts, it is distributed to the shareholders. Liquidation can occur due to the company’s inability to continue its business or when shareholders voluntarily decide to close it. … Read more

What is Public limited Company? How a company is incorporated according to the company act 2063 Nepal?

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What is Public limited Company How a company is incorporated according to the company act 2063 Nepal

A public limited company is a type of company that can raise funds by issuing shares to the general public. It operates under certain legal requirements and is governed by the provisions of the Company Act 2063 of Nepal. Public limited companies usually have the following features: 1. Separate Legal Entity: The company is treated … Read more

Is an agent personally responsible for the agency business? Mention the circumstances.

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Is an agent personally responsible for the agency business? Mention the circumstances.

An agent is someone who works on behalf of another person, called the principal, to handle business or legal tasks. Normally, the agent is not personally responsible for the business because they act for the principal. Any agreements or actions by the agent are seen as the principal’s responsibility. There are some situations where an … Read more

What do you understand by general meeting of a company?

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What do you understand by general meeting of a company?

A general meeting is a formal gathering of the shareholders or members of a company. It is held to discuss important matters about the company and to make key decisions. The meeting allows shareholders to stay informed, share their opinions, and vote on important issues. It is an important part of managing a company and … Read more

What is an agent? Define right and duties of the agent.

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What is an agent? Define right and duties of the agent.

An agent is a person or entity authorized to act on behalf of another person or entity, known as the principal, in conducting business, making decisions, or entering into contracts. The relationship between the agent and the principal is governed by an agreement (explicit or implied), where the agent acts within the scope of authority … Read more

What are the major duties of an auditor? State in brief the conditions of removal of an auditor.

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What are the major duties of an auditor? State in brief the conditions of removal of an auditor.

An auditor checks a company’s financial records to ensure they are accurate and follow laws and rules. The key duties of an auditor are: 1. Check Financial Statements Review the company’s financial reports to ensure they are correct and follow accounting standards. 2. Follow Legal Rules Ensure that the company is following all financial laws … Read more

What is contract of Agency? Explain the modes of creation of agency using suitable examples.

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What is contract of Agency? Explain the modes of creation of agency using suitable examples.

A Contract of Agency is an agreement where one person, called the agent, is legally authorized to act on behalf of another person, called the principal, to deal with third parties. The agent represents the principal and works to fulfill their instructions. The principal is responsible for the actions taken by the agent within the … Read more