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WorksheetsForms of Business organisations
Total questions: 15
Worksheet time: 8mins
The structure in which there is seperation of ownership and management is called
Sole proprietorship
Partnership
Company
All business organisations
Limitation of Sole Proprietorship business is
Direct incentive
Confidentiality of information
Limited managerial ability
Quick decision making
In the event of death of the existing Karta in HUF the next karta is
Elder male member
Eldest coparcener next to existing Karta
Female member
None of the above
'One man control is the best in the world if that man is big enough to manage everything' is
Karta
Sole Proprietor
Sole Proprietorship business
Joint Hindu Family business
Liability of members in HUF is
Limited
Unlimited
Not specified
None of the above
Members in HUF business are called
Karta
Male members
Female members
Coparceners
Which bill entitles women to have equal share in ancestral property of HUF?
Hindu Succession Act, 1956
Hindu Succession (Amendment) Bill, 2005
Hindu Succession Act, 2006
None of the above
In Sole Proprietorship business Control and ownership are separate for the owner
True
False
Partially True
None of the above
'One man show' form of business organisation is
Joint Hindu family business
Sole proprietorship business
Organisation
none of the above
Merit of Sole Proprietorship is
Ease in formation and closure
Unlimited liability
No separate legal entity
No perpetual succession
Form of business organisation found only in India is
(a)
Varun is the sole owner of his restaurant. The form of business organisation is
(a)
The head of Joint Hindu business is called
Director
Chairman
Owner
Karta
Profits donot have to be shared. This statement refers to
Partnership business
Organisations
Sole Proprietorship business
All of the above
Karta in Joint Hindu Family business has
unlimited liability
joint liability
limited liability
none of the above
