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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
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.
Match the correct pairs.
| Group “A” | Group “B” | ||
| a) | Private company | 1) | Compulsory |
| b) | Public company | 2) | Minimum 7 members |
| c) | Common Seal | 3) | Maximum 50 members |
| d) | Registration of a company | 4) | 61% share capital |
| e) | Government company | 5) | 51% share capital |
| 6) | Symbol of a company | ||
| 7) | Optional | ||
| 8) | Simple formation | ||
| 9) | Easy dissolution | ||
| 10) | Hindu succession Act 1956 |
Write a word or a phrase or a term which can substitute the following.
The type of commercial organization established for providing services to its members.
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 short note on the following.
Merits of Joint Hindu family
State with reasons whether the following statement true or false.
The maximum number of members in a Joint Hindu family is 20.
State with reasons whether the following statement true or false.
Company form of organization has developed before industrial revolution.
State with reasons whether the following statement true or false.
Share holders can manage the business.
State with reasons whether the following statement is true or false.
Sole Proprietorship is useful for small business.
State the features of proprietorship.
Write short answer of the following.
State the types of partnership firm.
Write short answer of the following.
State factors to be considered for starting business.
Write short answer of the following.
State the point of choice of forms of business organization.
Long answer type question.
Define Co-operative society. Explain its features.
Discuss the factors that determine the choice of form of organisation.
How many members are required to form a Public Company?
Which business type is described as "owned by one person"?
What is the main difference in share transfer between a private and a public company?
