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प्रश्न
Why is it important to choose an appropriate form of organisation?
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उत्तर
The choice of an appropriate form of business organisation is important for the following reasons.
(a) Options to choose among various business forms: As there exist numerous forms of business organisations such as sole proprietorship, partnership, cooperative society and company, the choice of an appropriate business organisation is important, because each business form has its own merits and demerits.
(b) Business factors: Every type of business form is influenced by its respective business-related factors, namely, need of funds, risk involved, amount of profits and legal obligations. Therefore, the choice of the appropriate business form is made only after the evaluation of all these business factors.
(c) Long-term growth prospects: The growth prospects of each type of business form are different. If a businessperson opts for a particular business form without correctly evaluating the growth prospects, then the business may fail or the long-term growth prospects of the business will suffer.
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संबंधित प्रश्न
The maximum number of partners for a firm carrying on banking business is .............. .
Select the proper option from the options given below and rewrite the completed sentence.
Business organization which is controlled by Hindu succession Act is known as ________
Select the proper option from the options given below and rewrite the completed sentence.
From the point of continuity ________ business organizations is the most suitable.
Write a word or a phrase or a term which can substitute the following.
An elected body of representatives of a co-operative organization for its day-to-day administration.
Write a word or a phrase or a term which can substitute the following.
'One man show' type of business organization.
Write short note on the following.
Merits of Joint Hindu family
State with reasons whether the following statement true or false.
The liability of a Karta in a Joint Hindu family firm is limited.
State with reasons whether the following statement true or false.
The main purpose of a co-operative organization is to earn profit.
State with reasons whether the following statement true or false.
In partnership agreement may be oral or written.
Write short answer of the following.
State the point of choice of forms of business organization.
Long answer type question.
Define partnership firm. Explain its merits and demerits.
Explain the merits of the Joint Hindu family business.
Long answer type question.
Define a Joint Hindu family firm. Explain features of joint Hindu family firm.
Long answer type question.
Define Co-operative society. Explain its features.
How many members are required to form a Public Company?
Which business type is described as "owned by one person"?
Who is responsible for managing a partnership business?
