Dewar Form of Borazine | Let's Crack IIT JAM | Paras Sharma #Shorts

1. Until the MBA arrived on the scene the IIT graduate was king A. A degree from one of the five IIT's was a passport to a well-payingjob, great prospects abroad and, for some, a decent dowry to boot. B. From the day he or she cracked the joint entrance exam, the IIT student commanded the awe of neighbours and close relatives. C. IIT students had, meanwhile, also developed their own special culture, complete with lingo and attitude, which they passed down. D. True, the success stories of IIT graduates are legion and they now constitute the cream of the Indian diaspora. 6. But not many alumni would agree that the IIT undergraduate mindset merits a serious psychological study, let alone an interactive one.

Shonali Sharma, after completing her MBA , began to help her father , Mr. Shiv Sharma , in his business . The business had a limited capital investment . Shonali wanted to use the modern business techiques in every area of business , namely , purchase , sales , production , finance etc . In fact , she wanted to implement the methods , which she had learnt in her MBA course , in her father's business . As soon as she started adopting the latest techniques , the workers began to protest and resist the changes . So she became disappointed and left her father's business . She started working in an MNC. Mr. Shiv Sharma was unable to assume the responsibilty of all managerial tasks such as purchasing , selling , financing , etc . Good workers started leaving the organisation . The goodwill of the business in the market went on declining .In no time , the liabilities of the business became many times more than the assets . On account of the pressure exerted on him by teh creditors , Mr. Shiv Sharma had to repay the debts of the business by disposing off his personal properties . (a) Identify the form of business organisation discussed in the above para . (b) Quoting the relevant lines from the para explain any three limitations of the form of business organisation identified in (a) .

Radhika Priya Dasi opened a boutique along with four workers . No problem of any type was faced in opening the boutique . At her boutique special dresses made for marriages and parties are sold . Despite there being a lot of competition in the market , the boutique was earning a good profit . Since all the profit went into her pocket , Radhika Priya Dasi was increased from 4 to 6 by her . All of them were happy since the business was running successfully . Unfortunately , one day the boutique caught fire due to a short circuit . Consequently , Radhika Priya Dasi had to suffer a heavy loss . The circumstances deteriorated so much that she had to dispose off her personal properties to repay the boutique's debts. In order to revive the boutique, she approached a bank which did not extend a long-term loan to her . (a) Identify the form of business organisation discussed in the above para . (b) Explain any three merits of the form of business organisation identified in (a) by quoting the lines from the above para . (c) Also explain any two limitations of the form of business organisation identified in (a) by quoting the lines from the above para .