The structure in which there is seperation of ownership and management is called

The capital of a company is divided into number of parts each one of which is called

Minimum number of members to form a public company is

Jay works in a large scale company that produces dairy products. The company does not give good incentives to its employees, even though it earns huge revenues. It also charges high prices for its products as compared to other products. After working for 2 years and not getting any incentives, Jay along with some of the co-workers decided to quit and start their own firm so that the products are sold at reasonable price for people and every member is able to earn good economic values. What is the type of business organisation started by Jay and his co-workers?

Kate started her own business of customised handbags and shoes. She got her business financed through her savings and money gifted by her parents. She always wanted to be her own boss, but one of her friends suggested that she could take at least one partner so that her risks are reduced. Also she could focus on making the products while other partner can look into other functional areas. Kate is not in favour of sharing her business with other partner as she wants to have full control over her business. She decided to take partner if her business succeeds as it was a new business. Identify the type of business started by Kate.

X, Y and Z are partners in a firm. All three of them handle different departments as they have expertise in those areas. They all equally share their duties and control the business operations which help in smooth working of the firm. Which feature of partnership is highlighted here?

A particular partnership firm can most likely be dissolved with

Harry owns a small computer repair shop. To attract more customers, he decided to upgrade software in his shop. His father told him to upgrade the shop later, but Harry was stubborn about his decision and decided to to do what he wants with his shop as he owns it. What is the advantage of sole proprietorship discussed here?

Which statement can be associated with the characteristics of a private company?

Meg and Ria run a boutique in a partnership, sharing profits and losses equally. The assets of the firm are worth ₹50,000, but the firm’s debts amount to ₹80,000. Who will be responsible to pay the debt of ₹30,000 over and above the assets?

Tina owns a profitable small business of a restaurant and earns good revenues. One of her friends suggested her to expand the business, but as the sole owner of business, Tina was hesitant as she did not want to invest her complete savings. The limitation of sole proprietorship type of business highlighted here is_________.

Which of these is most likely related to private company?

Marketing cooperative society is established to help small producers in selling their products.

On the basis of duration partnership is divided into.

The minimum number of members required to form a cooperative society is-

The cooperative society is required to be registered under the Cooperative Society Act______

The profit distributed among the shareholders is known as: