Setting Up an Enterprise_Revision

What is the first step in the process of setting up an enterprise?

• Registering the business

• Conducting a feasibility study

• Obtaining financial support

• Hiring employees

Which form of business is owned and run by one individual?

• Partnership

• Limited Liability Partnership (LLP)

• Sole Proprietorship

• Joint Stock Company

In which form of business do partners have unlimited liability?

• Limited Liability Partnership

• Joint Stock Company

• Sole Proprietorship

• Traditional Partnership

What is a key advantage of a Limited Liability Partnership (LLP)?

• Unlimited liability for all partners

• Limited liability for partners

• The business can be owned by a single individual

• No need for registration

What is the minimum number of members required to form a public company?

• 1

• 2

• 5

• 7

Which form of organisation does not have a separate legal identity from its owner?

• Joint Stock Company

• Sole Proprietorship

• Limited Liability Partnership

• Public Company

What does the feasibility study NOT typically involve?

• Market analysis

• Commercial feasibility

• Post-sale customer satisfaction survey

• Financial feasibility

What is Udyog Aadhaar Memorandum (UAM)?

• A one-page registration form for MSMEs

• A business loan scheme

• A tax registration document

• A government licensing portal

Which of the following is true about a joint stock company?

• Owned by a single individual

• No separate legal identity from owners

• Shareholders can freely transfer their shares

• Limited to 50 members

Which analysis is concerned with the profitability of a project?

• Technical Feasibility

• Market Feasibility

• Financial Feasibility

• Economic Analysis