Forms Of Business Organisations quiz

Forms Of Business Organisations quiz

Multiple Choice

The structure in which there is separation of ownership and management is called

• Sole proprietorship

• Partnership

• Company

• All business organisations

Multiple Choice

The karta in the joint hindu family business has

• Limited liability

• Unlimited liability

• No liability for debts

• Joint liability

Multiple Choice

The board of directors ofa joint stock company is elected by

• General public

• Government bodies

• Shareholders

• Employee

Multiple Choice

In a cooperative society the principle followed is

• One share one vote

• One man one vote

• No vote

• Multiple votes

Multiple Choice

A partner whose association with the firm is unknown to the general public

• Active partner

• Sleeping partner

• Nominal partner

• Secret partner

Multiple Choice

The maximum no. of partners allowed in partnership business is

• 10

• 200

• 50

• unlimited

Multiple Choice

The capital of a company is divided into small parts and each one is known as

• Dividend

• Share

• Interest

• Profit

Multiple Choice

life of a sole proprietorship business is

• Unstable

• Long life

• Very short life

• Stable

Multiple Choice

Hindu Succession Act was passed in

• 1956

• 1960

• 1932

• 1952

Multiple Choice

The profit distributed among the shareholders is known as

• Incentive

• Bonus

• Interest

• Dividend