Forms of Business organization 1

Liability of Karta is Limited

• True

• False

The maximum limitation of members in Private company is 200

• True

• False

In the Joint Stock Company the management is handled by Shareholders.

• True

• False

A partner who takes active part in the daily work of the management is called as Nominal partner.

• True

• False

A secret partner is who is unknown to the outsider of the Company.

• True

• False

The main Motto of Co-operative society is provide services to its members

• True

• False

Sole trading concern is useful for small business.

• True

• False

An elected managing committee handles the management in Co-operative Society

• True

• False

There are no maximum limitations of members in Public Company

• True

• False

Minimum 2 directors are required in Public Company.

• True

• False