Forms of Business Organisation (prepared by Preksha Mehta)

A colorful educational graphic illustrating various forms of business organisations such as sole proprietorship, partnership, joint venture, and cooperative society, with people discussing and collaborating in a modern office setting.

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

11 Questions3 MinutesCreated by EngagingMind52

Tick the features of sole proprietorship form of 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

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

Forms of Business Organisation (prepared by Preksha Mehta)

Explore Forms of Business Organisation

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