Quiz on Forms of Business Organisation
What type of business is a sole proprietorship?
A
A corporation
B
Owned by multiple partners
C
Owned by one individual
D
A cooperative society
1 / 5
Lesduur is: 20 minOnderdelen in deze les
What type of business is a sole proprietorship?
A
A corporation
B
Owned by multiple partners
C
Owned by one individual
D
A cooperative society
Who manages a Joint Hindu Family Business?
A
The eldest male member
B
A legal advisor
C
All family members equally
D
A hired manager
What is a major disadvantage of partnership?
Text
A
Unlimited liability for partners
B
Shared expertise and skills
C
Easy formation and closure
D
Limited capital resources
What is the maximum number of partners in banking?
A
20 partners
B
10 partners
C
15 partners
D
5 partners
What is necessary to form a partnership?
A
A bank loan
B
A government licence
C
An agreement among partners
D
A business plan
