Question

 (B) Match the correct pairs :        

Group ‘A’		Group ‘B’
(a)	Shareholder	(1)	High Court Judge
(b)	National commission	(2)	Owner of the company
(c)	Lower level management	(3)	Unlimited liability
(d)	Sole trading concern	(4)	Supreme Court Judge
(e)	Fair prices	(5)	Planning and policy making
		(6)	Creditors of the company
		(7)	Responsibility towards workers
		(8)	Joint Hindu family business
		(9)	Implementing the policies
		(10)	Responsibility towards consumers

Answer 1

Group ‘A’		Group ‘B’
(a)	Shareholder	(2)	Owner of the company
(b)	National commission	(4)	Supreme Court Judge
(c)	Lower level management	(9)	Implementing the policies
(d)	Sole trading concern	(3)	Unlimited liability
(e)	Fair prices	(5)	Responsibility towards consumers

(a) Shareholders are the ones who carry shares of a company and are considered as part owners of the company.
(b) The President of the National Commission should be or should have been a judge at the Supreme Court.
(c) Lower level management includes the lower level managers and the workers whose main function is to implement the policies as decided by the top and middle level managers.
(d) A sole proprietor has unlimited liability; this implies that the personal assets of the proprietor can be utilised in case the business assets fall short of debt obligations.
(e) It is the responsibility of any business organisation towards the consumers as to provide fair prices for the goods and services in the market.