A partner whose association with the firm is unknown to the general public is called
1.Active partner
2.Sleeping partner
3.Nominal partner
4.Secret partner
Posted Date:-2021-02-21 14:59:00
A ___________ is a business with two or more owners:
1.corporation
2.conglomerate
3.partnership
4.public corporation
Posted Date:-2021-02-21 14:59:00
At least 10 adults, no maximum limit in case of ______
1.Company
2.Cooperative Society
3.Joint Hindu Family
4.Partnership
Posted Date:-2021-02-21 14:59:00
A__________ provides for the greatest degree of continuity:
1.general partnership
2.joint venture
3.corporation
4. sole proprietorship
Posted Date:-2021-02-21 14:59:00
A_____________partner is an owner who has unlimited liability and is active in managing the firm:
1.senior partner
2.general partner
3.silent partner
4.limited partner
Posted Date:-2021-02-21 14:59:00
Co-operatives play an important role in:
1.aerospace
2.agriculture
3.manufacturing
4.all of the above
Posted Date:-2021-02-21 14:59:00
Hindu Succession Act was passed in _________
1.1952
2.1960
3.1932
4.1956
Posted Date:-2021-02-21 14:59:00
In a cooperative society the principle followed is
1.One share one vote
2.One man one vote
3.No vote
4.Multiple votes
Posted Date:-2021-02-21 14:59:00
In case of ___________ Registration is compulsory
1.Sole Proprietorship
2.Partnership
3.None of these
4.Company
Posted Date:-2021-02-21 14:59:00
Profits do not have to be shared. This statement refers to
1.Company
2.Sole proprietorship
3.Joint Hindu family business
4.Partnership
Posted Date:-2021-02-21 14:59:00
Provision of residential accommodation to the members at reasonable rates is the objective of
1.Consumers cooperative
2.Credit cooperative
3.Housing cooperative
4.Producers cooperative
Posted Date:-2021-02-21 14:59:00
The board of directors of a joint stock company is elected by
1.General public
2. Government bodies
3.Shareholders
4.Employees
Posted Date:-2021-02-21 14:59:00
The capital of a company is divided into number of parts each one of which are called
1.Share
2.Dividend
3.Profit
4.Interest
Posted Date:-2021-02-21 14:59:00
The form of business organization that has the largest sales volume is the:
1.partnership
2.corporation
3.cooperative
4.multinational
Posted Date:-2021-02-21 14:59:00
The Head of the joint Hindu family business is called
1.Manager
2.Proprietor
3.Karta
4.Director
Posted Date:-2021-02-21 14:59:00
The karta in Joint Hindu family business has
1.No liability for debts
2.Unlimited liability
3.Joint liability
4. Limited liability
Posted Date:-2021-02-21 14:59:00
The life of sole proprietorship business is ______
1.Unstable
2.Stable
3.Very short life
4.Long life
Posted Date:-2021-02-21 14:59:00
The major advantage of a franchise is:
1.training and management assistance
2.personal ownership
3.nationally recognized name
4.all of the above
Posted Date:-2021-02-21 14:59:00
The maximum number of partners allowed in the banking business are
1.Two
2.Twenty
3.No limit
4.Ten
Posted Date:-2021-02-21 14:59:00
The most effective form of business organization for raising capital is the:
1. joint venture
2.partnership
3.corporation
4.proprietorship
Posted Date:-2021-02-21 14:59:00
The structure in which there is separation of ownership and management as per law is called
1.Company
2.All business organisations
3.Partnership
4.Sole proprietorship
Posted Date:-2021-02-21 14:59:00
What is the limit of members in case of a Private Company?
1.2
2.7
3.10
4.50
Posted Date:-2021-02-21 14:59:00
Which of the following is a characteristic of a co-operative?
1.profits are not subject to income tax
2.one vote per share
3.dividends are paid on a per share basis
4.all of the above
Posted Date:-2021-02-21 14:59:00
Which of the following is an advantage of a sole proprietorship?
1.ease of starting a business
2.being your own boss
3.pride of ownership
4.all of the above
Posted Date:-2021-02-21 14:59:00
Which of the following is an example of a non profit organization?
1.Royal Bank
2.YMCA
3.BCE
4.Air Canada
Posted Date:-2021-02-21 14:59:00
Which of the following is probably the most important reason for incorporating?
1.limited liability of shareholders
2.more money for investment
3.increased flexibility
4.shared management
Posted Date:-2021-02-21 14:59:00