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Question
Select the correct answer from the options given below and rewrite the statement.
A sole proprietorship has _______ owner/owners.
Options
one
two
five
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Solution
A sole proprietorship has one owner/owners.
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RELATED QUESTIONS
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Sole Trading concern | 1) 1932 |
| b) Joint Hindu Family Business | 2) Partner |
| c) Partnership Act | 3) Artificial person |
| d) Joint Stock Company | 4) 1923 |
| e) Co-operative Society | 5) Karta |
| 6) Natural person | |
| 7) Single Ownership | |
| 8) Equal voting rights | |
| 9) Multiple ownership | |
| 10) Minimum 9 members |
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Private company | 1) 51% share capital held by Government |
| b) Public company | 2) Bank of England |
| c) Government company | 3) Maximum 200 members |
| d) Statutory Company | 4) Minimum 7 members |
| e) Limited Liability Partnership | 5) Maximum 100 members |
| 6) Minimum 5 partners | |
| 7) 40% share capital | |
| 8) Minimum 5 members | |
| 9) Life Insurance Corporation | |
| 10) Minimum 2 partners |
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute the following statement.
The official signature of Joint Stock Company.
State whether the following statement is True or False.
A Joint Stock Company is a natural person.
State whether the following statement is True or False.
The liability of shareholder of public limited company is limited.
State whether the following statement is True or False.
Board of Directors manage the Company.
Complete the sentence.
A company is a creation of law, hence it is called as ________
Complete the sentence.
A company which is incorporated under a special Act is called as ________
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| Public company | ___________ |
Correct the underlined word and rewrite the following sentence.
Statutory companies are registered under the Companies Act.
Answer in brief.
Explain the different types of companies on the basis of the liabilities of members.
Answer the following question:
State the features of sole trading concern.
State the features of a partnership firm.
Answer the following question:
State the features of Limited Liability Partnership.
Answer the following question:
Define a ‘company’. Explain the types of companies on the basis of the liability of members.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
