FORMS OF BUSINESS ORGANISATION

What is the liability of a minor member in Joint Hindu Family Business?

• Unlimited

• Limited

• No liability

• Partially limited

A partner who do not take part in the routine activities of business.

• Dormant

• Secret

• Partner by estoppel

• Nominal partner

Beauty parlours comes under which form of business organization?

• Partnership

• Sole Proprietorship

• Company

• None of the above

A partnership formed for an indefinite period and to run any business is called (a)   .

Provision of residential accommodation to the members at reasonable rates is the objective of (a)   cooperative.

Which of the following is not the benefit of cooperative societies?

• Stability

• Political interference

• Democratic management

• Tax advantage

Profits do not have to be shared. This statement refers to :

• Partnership

• JHF

• Sole Proprietorship

• Company

The maximum number of members in a public company is (a)   .

The compliance of Limited Liability Partnership is

• High

• Medium

• Low

• All of the above

The maximum number of members in a Private Ltd company is

• 100

• 200

• no limit

• 50