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Commerce Business Management Difficulty: Medium

Management and administration are.

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The discount allowed on reissue of forfeited shares is debited to Authorized capital, also known as: List out from the given statements the important ethical principles that a business should follow: 1. To take the necessary action for the development of the concerned industry or business. 2. Pay taxes and discharge other obligations promptly. 3. To ensure the best utilisation of the human resources. 4. Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc. 5. Ensure payment of fair wages and fair treatment of employees. Choose the correct answer from the options given below: Match the items of List-I with the items of List-II according to 'The Harvard Framework' developed for HRM. List-I List-II a. Stakeholder's interest 1. Work systems b. Situational factor 2. Cost-effectiveness c. HRM policy choice 3. Individual well-being d. HR outcome 4. Government d. Long-term consequence 4. Business strategy A joint cost allocation method is based on relative value of total sales, at point of split off is classified as