Partnership

Partnership

9th - 12th Grade

12 Qs

quiz-placeholder

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Partnership

Partnership

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Hard

Created by

Ruchi [SJU]

Used 939+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To start a partnership business, what should be the minimum number of partners?

2

10

4

20

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of agreement is used to form a partnership business?

Written agreement

Oral Agreement

Written or Oral Agreement

No Agreement required

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In partnership, partners liabilities are

Limited

Unlimited

Limited to the capital invested

Limited to the amount mentioned

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the partnership written agreement known as?

Partnership Contract

Partnership Act

Agreement

Partnership Deed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not a feature of a partnership business?

Easy Formation

Mutual Agency

Limited Liability

Two or more person

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited Liability PArtnership Act was passed in the year

2007

2008

2009

2010

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

LLP is hybrid form of

Sole Proprietorship and Joint stock company

Joint Stock Company and Co-operative society

Partnership and Sole Proprietorship

Partnership and Joint stock company

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