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Forms Of Business Organization

Question

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Which is not the limitation of joint stock company ?
It requires length and experience legal procedure for formation
Less capital
Delay in decisions
Interference and influence of government decisions

Solution

B.

Less capital

Some More Questions From Forms of Business Organization Chapter

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.

Define 'Partner by Holding Out'.

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