Forms of Business Organisation 3

A type of business organisation where a person individual responsible for capital, bearing risk & management is called (a)  

- Sole proprietors have (a)   liability

The liability of all member, except the karta in Hindu Undivided family is (a)   .

The most important document used in partnership business is (a)   .

Registration of a partnership business is (a)  

In a general partnership liability of partners is (a)  

The liability of members of a cooperative society is (a)   to the extent of their capital contribution.

Joint stock Company enjoys (a)   , as members may come and go, but the co. continues to exist.

The maximum number of shareholders in any Private company is (a)  

There is a separate law that governs sole proprietorship.

• true

• false