COMMERCE : FILL IN THE BLANKS

Business means _______________

____________ organization is essential for the success of a business.

The word "organization" has originated from the word ________________.

Scalar Principle is also known as _______________

_______________ means entrustment of part of the work or some duties to the sub ordinates.

______________ creates obligation on the part of the sub ordinate.

_______________ should be the watchword of the organization.

Machine age emerged resulting in ________________ production.

_______________ is stated to be the oldest of all the forms of business enterprises.

Any business unit which is owned and controlled by a single individual is known as ________________.

The sole trading concern is run on the principle _________________________________.

The head of joint hindu family is called ______________.

Joint Hindu Family System is regulated by the provisions of _______________.

Since __________, female members of the family are also eligible to get a share in the property of the family.

According to ________________ Law, only the male members of the family get the right of inheritance by birth.

According to _________________ Law, the right of property devolves on the coparceners by succession and not by birth.

Partners share profit or loss is an __________________.

Persons who enter into partnership with another are called ________________.

A company is regarded as _______________.

The liability of a shareholder is ________________.

A company is an ____________ person.

Division of work is called _______________.

In India, registration of partnership is _________________.

A cooperative society is a _________________ association of persons.

In cooperative society all members are _____________.

Cooperative society is managed on _______________ principles.

The business of a cooperative society is generally carried on ___________ basis.

Unilever Limited is a _____________ company.

Union Carbide is a _____________ company.

Government policy is favourable towards ________________.

_______________ is the oldest form of organization of state enterprise.

Public corporation is also known as _______________.

The main objective of public corporation is ________________.

RBI is an example of ________________.

Government Company is also known as __________.

Government company employees are not __________________.

Broadcasting comes under _________________ form of organization.

The liability of members of cooperative society is _______________.

A ______________ is the oldest form of business organization.

__________________ business is not governed by any special legislation.

A sole trader business can be commenced with ______________ capital.

Sole proprietorship is a highly ____________ type of organization.

A sole trader has direct relationship with the ________________.

_______________________ is a major handicap for sole trader business.

______________ are the kings.

The life of sole trader business depends upon the life of the _______________.

The maintenance of utmost ______________ is of vital importance for the success of a business.

The resources of a sole proprietor are ________________.

______________________ may hinder the growth of sole proprietorship.

Sole proprietorship is suitable for ___________________ concerns.

_______________ decide the success of a business.

Sole trader organization provides a chance for ______________ investors.

In sole proprietorship, decisions are taken ______________.

The name under which the business is carried on is called ______________

_____________________- means putting an end to the relationship among the partners.

An ______________ is a right vested with a partner to be used in emergency situations.

The partners liability in India is ________________.

A partner who does not take active interest in the conduct of the firm is called ________________.

Partnership is registered under the Act ____________________________

The maximum number of members in non-banking firm is _____________.

Persons who enter into partnership are collectively called _______________.

_____________________ means the termination of the original partnership agreement.

__________________ is a temporary partnership.

According to __________________, "Partnership is the relation existing between persons, competent to make contracts, who have agreed to carry on a lawful business in common with a view to private gain."

According to ____________________________, "A partnership or firm as it often called, is thus a group of men who have joined capital or services for the prosecuting of some business."

The relation that exists between the partners in a partnership is said to be _________________.

A collective name of partners is known as _________________.

Every partner as an agent can bind the firm by his acts done in good faith and on behalf of the firm. This is known as ________________________.

The resources of partnership firm is _______________.

_________________ liability discourages many people from becoming a partner in the firm.

______________ is a partnership which is formed to carry on business without specifying any period of time.

________________ is a partnership which is established for a stipulated period of time or for the completion of a specified venture.

The limited partnership consists of two types of partners, _______________________ and _____________________________.

Sleeping partner is also known as _______________.

The liability of active partner is _______________.

Nominal partner is also called as ________________.

__________ is a partner who neither contributes capital nor takes any part in the management of the firm.

____ is a partner who lends his name to be used as partner in the business to increase the reputation of the firm.

When a person makes an arrangement with a partner to share this profit, he is known as _______________ partner.

On attaining majority the minor partner has to decide within _______________ months, by giving notice whether he shall continue in the firm or not.

_____________duties are fixed by law which cannot be violated by partners agreement.

____________ duties given in the Act can be modified by agreement of partners entered into.

The authority of a partner to bind the firm is called __________________.

Dissolution of firm necessarily results in ________________.

According to Section ___________, a partnership is created and dissolved by an agreement.

When a partner becomes permanently incapable of doing business the court may order _____________________.

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