Business studies quiz~ Xeno

Which of the following is NOT a feature of corporative society?

• Legal status

• Government control

• Limited liability

• Service motive

Companies can raise large amount of funds from the public as well as borrowing from financial institutions.

This merit is also known as ?

(a)  

Which company is free to transfer shares?

(a)  

Which of the following content is NOT in a partnership deed?

• Name of firm

• Profit-loss sharing ratio

• Valuation of assets

• Name of partners

Liability of sole proprietor is not unlimited

• True

• False

Department undertaking does not _ which is essential for smooth operation

(a)  

1) Government companies can sue and can be sued.

2) Department undertakings can sue and can be sued

• (1) is true but (2) is false

• (1) is false but (2) is true

• Both are true

• Both are false

Huge capital resource is a feature of _

(a)  

There are two types of joint ventures. If one is equity based joint venture. Name the other one

(a)  

Which of the following is a limitation of government companies?

• Avoids the constitutional duties

• Has its own legal entity

• Has complete autonomy on management choices

• Can discourage unhealthy business