Trees Information: In botany , a tree is a perennial plant with an elongated stem, or trunk , supporting branches and leaves in most species. In some usages, the definition of a tree may be narrower, including only woody plants with secondary growth , plants that are usable as lumber or plants above a specified height. Trees are not a taxonomic group but include a variety of plant species that have independently evolved a woody trunk and branches as a way to tower above other plants to compete for sunlight. Trees tend to be long-lived, some reaching several thousand years old. In looser definitions, the taller palms , tree ferns , bananas and bamboos are also trees. Trees have been in existence for 370 million years. It is estimated that there are just over 3 trillion mature trees in the world. Trees Ecology: Trees are an important part of the terrestrial ecosystem ...
Q. 6. What is Partnership Firm? Ans: Partnership is a form of business organization in which two or more persons contribute their capital and skill and share the profit and loss of the business in their agreed ratio. Persons who run businesses under partnership are called individually “Partners” and collectively “firm”. Partnership is governed by Indian Partnership Act, 1932. Section 4 of Indian Partnership Act, 1932 defines partnership as under: "The relation between the persons who have agreed to share the profits of a business carried on by all or any of them acting for all".
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