Partnership
Quiz
•
Business
•
11th Grade
•
Practice Problem
•
Hard
Teddy -
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maximum number of partners that can enter into a partnership
20
30
10
50
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
What will happen if the number of partners in a partnership exceeds the maximum limit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Partnership is the result of an agreement between partners
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the absence of an agreement the profits must be shared in
an agreed ratio
equal ratio
as and how partners want
ratio shall be decided by court of law
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Partnership firm has a legal entity seperate from that of the partners
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many clauses are there in the partnership deed
22
15
17
45
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Registration of a partnership firm is not compulsary
TRUE
FALSE
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