Forms of Business Organisation (prepared by Preksha Mehta)
Explore Forms of Business Organisation
Test your understanding of various forms of business organisations with this engaging quiz. From sole proprietorships to joint stock companies, discover key concepts and features that define each type.
• Understand the different forms of business
• Learn about the roles and responsibilities within these structures
• Gauge your knowledge and identify areas for improvement
Tick the features of sole proprietorship form of business.
Limited liability
Limited resources
Limited skills
Limited life of the business
Unlimited liability
Large resources
Many skills
Death of the sole proprietor has no effect on the life of the business
The head of the joint hindu business is called
Proprietor
Director
Manager
Karta
Karta in joint hindu family business has limited liability.
True
False
Minimum number of persons required to start a cooperative society is
10
20
30
40
A partner whose association with the firm is unknown to the public is called
Active partner
Dormant partner
Secret partner
Nominal partner
Profits do not have to be shared. This statement refers to
In a cooperative society the principle followed is
One share one vote
One man one vote
No vote
Unlimited votes
The board of directors of a joint stock company is elected by
Public
Government
Employees
Shareholders
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