Setting up a Business

What is a company?

• A company is a legal entity established by a Person or a group of persons engaged in business enterprise.

• Companionship

This is a business owned and run by someone for their own benefit. Name the Business type.

• Private Limited Company

• Limited Liability Company

• Partnership

• Sole Proprietorship

 Formal agreement between the partners are made in this form of Business. Name the Business Type.

• Private Limited Company

• Partnership

• Sole Proprietorship

• Limited Liability Company

It is a hybrid structure that allows owners to limit their personal liabilities. Name the type of Business.

• Sole Proprietorship

• Partnership

• Limited Liability Company

It restricts the number of members, the right to transfer its shares. Name the type of Company.

• Public Company

• Private Limited Company

Primary decisions are made by the person or persons at the top of the organization. Name the type of Organization Structure.

• Centralised Organizational Structure

• Decentralised Organizational Structure

Decision-making is done by lower-level management. Name the type of Organizational Structure.

• Centralised Organizational Structure

• Decentralised Organizational Structure

What are the symptoms of Lack of Organizational structure?

• Low productivity 

• Delayed decision-making

• Hiring problems

• All of the above

What is the importance of a logo?

• Grabs attention

• Makes a strong first impression

• Separates you from competition

• All of the above