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Forms Of Business Organization
Question
Under what circumstances, is a partnership form of business organisation suitable ?
Solution
Forming a Partnership organization is most suitable:
(а) Where business requires limited capital.
(b) Where business requires application of personal skills, diversified managerial talent and moderate risk.
Examples of partnership organizations may include real estate brokers, professional firms etc.
Some More Questions From Forms of Business Organization Chapter
Define partnership deed.
What do you understand by co-operative society?
Define company.
What do you understand by a Private Company?
What do you understand by a Public Company?
Under what circumstances, is a partnership form of business organisation suitable ?
Write a short note on 'implied agency', one of the important characteristics of partnership and also true test of partnership.
Would you say that the sole proprietorship involves a lengthy and expensive procedure for its registration?
Explain whether the liability of a sole proprietorship is limited to the extent of his share in business.
Only the Karta has unlimited liability in HUF. Explain.
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Mock Test Series
Mock Test Series