Business studies (JSS1)

What is the limit of members in case of a Private Company?

• 2

• 7

• 10

• 50

The most popular form of business organisation is:

• Sole proprietorship

• Company

• Partnership

• joint venture

The maximum number of members required to form a public company is

• 12

• 1

• 7

• No Limit

Alhaji was a sole proprietor and was running a retail shop of gift items. Unfortunately, due to an accident Alhaji died, due to which his business also ended. Which feature of the sole proprietorship is applied here:

• No separate entity

• Lack of business continuity

• Sole risk bearer and profit recipient

• None of these

Possibility of conflicts is a limitation of which type of business organisation:

• Sole proprietorship

• Partnership

• Company

• Joint Hindu Family business

Document that is made during the formation of a partnership is:

• Partnership agreement

• Partnership deed

• Partnership registration

• Partnership document

Which of the following is not a characteristic of a sole trader?

• He provides capital alone

• He makes decisions on his own

• He shares his profits with his partner

• He takes all the profit or loss

________is formed to protect the welfare of farmers :

• Producers cooperative society

• Consumers cooperative society

• Farmers cooperative society

• Marketing cooperative society

The chief managing body of a company is:

• Board of Directors

• Shareholders

• company members

• All of the

A private company is one which:

• Limits the number of members

• Restricts the transferability of shares

• prevent the public from subscribing to its shares

• All of these