Which of the following is the central idea of the passage?

Large corporations should be penalised by the American government for their greed.

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Ethical consumerism is profitable for organisations as well as society as a whole.

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Companies should be required by law to account for their impact on the environment in their balance sheet.

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Developing countries should learn how to combat child labour from America.

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Solution

The correct option is B
Ethical consumerism is profitable for organisations as well as society as a whole.

Ethical consumerism is profitable for organisations as well as society as a whole.

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PRACTICAL PROBLEM

Raj and Dev are partners sharing profits and losses 3:2 respectively. Their position on 31^st March, 2011

On 1^st April, 2011 they admitted Manoj on following terms:

1) Manoj should bring in cash Rs 1,00,000 as a capital for 1/5^th share in future profit and Rs 25,000 as goodwill.

2) Building should be revalued for Rs 1,25,000.

3) Depreciate furniture at 12 ½ % p.a. and stock at 10% p.a.

4) R.D.D. should be maintained as it is.

5) The Capital accounts of partners should be adjusted in their new profit sharing ratio through bank account.

Prepare, Profit and Loss Adjustment Account, Capital Accounts, Balance Sheet of new firm and show how you have calculated new ratio and new capital.

Use one of the following statements to complete the sentence:

Democracy in the international organisations requires that …

(a) The rich countries should have a greater say.

(b) Countries should have a say according to their military power.

(d) All countries in the world should be treated equally.

31^{s t}

1^{s t}

{\frac{1}{5}}^{s t}

\frac{1}{2}

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