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Chapter 2: Forms of Business Organisation
Chapter 3: Private, Public and Global Enterprises
Chapter 4: Business Services
Chapter 5: Emerging Modes of Business
Chapter 6: Social Responsibilities of Business and Business Ethics
Chapter 7: Formation of a Company
Chapter 8: Sources of Business Finance
Chapter 9: Small Business and Entrepreneurship
Chapter 10: Internal Trade
Chapter 11: International Business
Solutions for Chapter 2: Forms of Business Organisation
Below listed, you can find solutions for Chapter 2 of CBSE NCERT for Class 11 Business Studies.
NCERT solutions for Class 11 Business Studies Chapter 2 Forms of Business Organisation Short Answer Questions [Page 56]
Compare the status of a minor in a Joint Hindu family business with that in a partnership firm.
If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.
State the important privileges available to a private company.
How does a cooperative society exemplify democracy and secularism? Explain.
What is meant by 'partner by estoppel'? Explain.
Briefly explain the following term: Perpetual succession
Briefly explain the following term: Common seal
Briefly explain the following term: Karta
Briefly explain the following term: Artificial person
NCERT solutions for Class 11 Business Studies Chapter 2 Forms of Business Organisation Long Answer Questions [Page 56]
What do you understand by a sole proprietorship firm?
Explain the merits of a sole proprietorship firm?
Explain the limitations of a sole proprietorship firm?
Why is partnership considered by some to be a relatively unpopular form of business ownership?
Explain the merits of partnership.
Explain the limitations of partnership.
Why is it important to choose an appropriate form of organisation?
Discuss the factors that determine the choice of form of organisation.
Discuss the characteristics of cooperative form of organisation.
Discuss the merits of cooperative form of organisation.
Discuss the limitations of cooperative form of organisation.
Describe briefly different types of cooperative societies.
Distinguish between a Joint Hindu family business and partnership.
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why?
NCERT solutions for Class 11 Business Studies Chapter 2 Forms of Business Organisation Application Questions [Page 56]
In which form of organisation is a trade agreement made by one owner binding on the others? Give reasons to support your answer.
The business assets of an organisation amount to Rs. 50,000 but the debts that remain unpaid are Rs. 80,000. What course of action can the creditors take if
(a) The organisation is a sole proprietorship firm
(b) The organisation is a partnership firm with Anthony and Akbar as partners. Which of the two partners can the creditors approach for repayment of debt? Explain giving reasons
Kiran is a sole proprietor. Over the past decade, her business has grown from operating a neighbourhood corner shop selling accessories such as artificial jewellery, bags, hair clips and nail art to a retail chain with three branches in the city. Although she looks after the varied functions in all the branches, she is wondering whether she should form a company to better manage the business. She also has plans to open branches countrywide.
(a) Explain two benefits of remaining a sole proprietor
(b) Explain two benefits of converting to a joint stock company
(c) What role will her decision to go nationwide play in her choice of form of the organisation?
(d) What legal formalities will she have to undergo to operate business as a company?
Solutions for Chapter 2: Forms of Business Organisation
NCERT solutions for Class 11 Business Studies chapter 2 - Forms of Business Organisation
Shaalaa.com has the CBSE Mathematics Class 11 Business Studies CBSE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. NCERT solutions for Mathematics Class 11 Business Studies CBSE 2 (Forms of Business Organisation) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
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Concepts covered in Class 11 Business Studies chapter 2 Forms of Business Organisation are Concept of Partnership-deed, Introduction to Forms of Business Organisation, Choice of Form of Business Organization, Concept of Sole Proprietorship Or Sole Trader, Merits of Sole Proprietorship Or Sole Trader, Limitations of Sole Proprietorship Or Sole Trader, Hindu Undivided Family Business Or Joint Hindu Family Business, Concept of Partnership, Types of Partners, Registration of a Partnership Firm, Concept of Cooperative Societies, Concept of Company, Stages for Formation of Company, Important Document to Be Used in Formation of a Company, Merits of Joint Hindu Family Business, Limitation of Joint Hindu Family Business, Features of Partnership, Merits of Partnership, Limitations of Partnership, Types of Partnerships, Merits of Cooperative Society, Limitations of Cooperative Society, Types of Cooperative Societies, Features of Joint Stock Company, Merits of Joint Stock Company, Limitations of Joint Stock Company, Types of Companies, Joint Stock Company, Characteristics of a Sole Trader, Features of Joint Hindu Family Business, Features of Cooperatives.
Using NCERT Class 11 Business Studies solutions Forms of Business Organisation exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in NCERT Solutions are essential questions that can be asked in the final exam. Maximum CBSE Class 11 Business Studies students prefer NCERT Textbook Solutions to score more in exams.
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