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Forms Of Business Organization

Question

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Which statement is not correct with respect to sole proprietorship firm ?
Close contact with the customer
Independent control
Experts can be appointed for research work
Easy to form and establish

Solution

C.

Experts can be appointed for research work

Some More Questions From Forms of Business Organization Chapter

What is the meaning of Partnership organization?

Can a Partnership firm have a minor partner ?

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?

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