11th Grade > Business Studies
FORMS OF BUSINESS ORGANISATION MCQs
Total Questions : 30
| Page 2 of 3 pages
Answer: Option B. ->
Sole Proprietorship
:
B
:
B
Sole proprietorship is the best option for her, as it requires personal touch for the business to grow.
Answer: Option C. ->
Joint stock company
:
C
:
C
A joint stock company has the longest lifetime as compared to sole proprietorship and partnership.
Answer: Option A. ->
Nominal partner
:
A
:
A
A nominal partner is one who allows the use of his/her name by a firm.
Answer: Option A. ->
Correct
:
A
:
A
Correct. The government does support the cooperative society in the form of taxes, subsidies and low-interest rate on loans.
Answer: Option B. ->
Joint stock company
:
B
:
B
A joint stock company requires several documents and legal requirements before it gets functioning.
Answer: Option B. ->
Sleeping partner
:
B
:
B
A sleeping partner is one who contributes capital but does not take part in the business management of a firm.
Answer: Option B. ->
Sole Proprietorship
:
B
:
B
A formation of sole proprietorship does not require any legal documentation.
Answer: Option A. ->
General Partnership
:
A
:
A
They share a general partnership where both pool in resources, decide to share the profit and losses and also their liability is unlimited.
Answer: Option B. ->
False
:
B
:
B
False. The partners are liable to repay debts even from their personal belongings, in case if the assets of the company are not sufficient to meet the debts.
Answer: Option B. ->
False
:
B
:
B
A particular partnership does get dissolved automatically once the purpose is fulfilled or when the time duration expires.
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