Forms of Business Organisations
Commerce ⇒ Business Studies
Forms of Business Organisations starts at 11 and continues till grade 12.
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Define 'artificial person' in the context of a company.
Explain the concept of 'mutual agency' in partnership.
Explain the concept of 'separate legal entity' in the context of a company.
Explain the concept of 'unlimited liability' in the context of business organisations.
Explain the difference between 'limited liability' and 'unlimited liability'.
Explain the process of registration of a partnership firm in India.
Explain the term 'common seal' in relation to a company.
Explain the term 'perpetual succession' with reference to a company.
What is the maximum number of partners allowed in a banking partnership firm in India? (1) 10 (2) 20 (3) 50 (4) 100
What is the minimum number of members required to form a cooperative society in India? (1) 2 (2) 7 (3) 10 (4) 20
Which document is known as the 'charter of the company'? (1) Memorandum of Association (2) Articles of Association (3) Prospectus (4) Certificate of Incorporation
Which of the following forms of business organisation is governed by the Indian Companies Act, 2013? (1) Sole proprietorship (2) Partnership (3) Company (4) Cooperative society
A company is managed by its ________ of Directors.
A company that does not issue a prospectus is a ________ company.
A company that is formed for a specific purpose and dissolves after achieving its objective is called a ________ company.
A company that is owned, managed, and controlled by the government is called a ________ enterprise.
Is it mandatory for a partnership firm to be registered in India? (Yes/No)
State whether the following statement is true or false: 'A company can own property in its own name.'
State whether the following statement is true or false: 'A company has a perpetual succession.'
State whether the following statement is true or false: 'A cooperative society is formed for the mutual benefit of its members.'
